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Clock stopped on review of Cement Australia, Holicim and HMA's move on BGC division

( April 22, 2025, 07:42 GMT | Official Statement) -- MLex Summary: The review of the proposed BGC Cementitious acquisition by Cement Australia, Holcim and HMA has been put on hold, with the Australian competition watchdog saying today that it was seeking more information about the transaction. In a statement, the Australian Competition & Consumer Commission also announced the scrapping of its May 1 deadline for an announcement. Holcim is a Swiss multinational that manufactures building materials across Australia; HMA is a German multinational that also manufactures building materials in the country; BGC Cementitious is a division of the BGC Group, which supplies cementitious products in Western Australia.The full statement on the Australian Competition & Consumer Commission's website follows: ...

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