GovWire

Breedon Group plc / Cemex Investments Limited merger inquiry

Competition Markets Authority

September 4
10:02 2020

Statutory timetable

Phase 1 Date Action
26 August 2020 Phase 1 decision announced
26 August 2020 Deadline for phase 1 decision
31 July 2020 Initial enforcement order
31 July 2020 Revocation order
1 July 2020 Launch of merger inquiry
20 January 2020 Initial enforcement order
9 June to 29 June 2020 Invitation to comment

Phase 1

Reference unless undertakings accepted

26 August 2020: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.

Directions to appoint a hold separate manager

31 July 2020: Pursuant to an initial enforcement order dated 31 July 2020, the CMA directed Breedon Group Plc and Breedon Southern Limited to appoint a hold separate manager.

Initial enforcement order

31 July 2020: The CMA has served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Breedon Group plc and Breedon Southern Limited in relation to the completed acquisition by Breedon Group plc of certain assets of Cemex Investments Limited.

Revocation order

31 July 2020: The Competition and Markets Authority (CMA) has made a Revocation Order under section 72(4) of the Enterprise Act 2002 in relation to the completed acquisition by Breedon Group plc of certain assets of Cemex Investments Limited. This Order revokes the initial enforcement order that the CMA imposed on 20 January 2020 (as subsequently varied on 11 February 2020) and is without prejudice to the CMAs ongoing investigation into the transaction.

Launch of merger inquiry

1 July 2020: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: now closed

9 June 2020: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

These comments should be provided by the deadline set out above.

Amendments/consents granted:

Related Articles

Comments

  1. We don't have any comments for this article yet. Why not join in and start a discussion.

Write a Comment

Your name:
Your email:
Comments:

Post my comment

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: