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Breedon's purchase of Cemex assets raises competition concerns, UK CMA finds

( August 26, 2020, 06:17 GMT | Official Statement) -- MLex Summary: Construction materials group Breedon’s purchase of certain Cemex assets raises competition concerns in the supply of building materials in some parts of the UK, the Competition and Markets Authority has found following a Phase I probe. The CMA said the deal gives rise to competition concerns in relation to the supply of ready-mixed concrete, non-specialist aggregates or asphalt in 15 local markets across the UK. In all of these local markets, the two businesses currently have a large presence and compete closely, with limited competition from other suppliers, it said. The CMA also found that the merger could make it easier for cement suppliers in the East of Scotland to align their behavior, without necessarily entering into any express agreement or direct communication in a way that limits the rivalry between them. The companies have five working days to address the CMA's concerns or face an in-depth probe.The statement follows. A summary of the decision is attached....

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