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BGC acquisition by Cement Australia, Holcim, HMA faces public review in Australia

( February 12, 2025, 00:36 GMT | Official Statement) -- MLex Summary: The proposed acquisition of BGC Cementitious by Cement Australia, Holcim and HMA has sparked a public review by Australia’s competition watchdog. In a statement, the Australian Competition & Consumer Commission said Cement Australia, Holcim, HMA and BGC Cementitious overlapped in the supply of various construction materials. Holcim is a Swiss multinational that manufactures and supplies building materials across Australia; HMA is a German multinational that also manufactures and supplies building materials in the country; BGC Cementitious is a division of the BGC Group, which supplies cementitious products in Western Australia. The regulator set May 1 as the proposed deadline for an announcement.The Australian Competition & Consumer Commission's market-inquiries letter is attached; and the full statement follows: ...

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