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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

EU regulators set to block HeidelbergCement and Schwenk bid for Cemex Croatia · Endata

◂ Announcements

Mar 28, 2017ACQUISITIONCroatia, Croatia

EU regulators set to block HeidelbergCement and Schwenk bid for Cemex Croatia

EU antitrust regulators are set to block the joint bid by HeidelbergCement and Schwenk for Cemex's Croatian unit, citing competition concerns in the grey cement market.

Value

$270.0M (250.0M EUR)

Status

Cancelled

Productsgrey cement

CompaniesCemex target HeidelbergCement acquirer Schwenk acquirer Cemex Croatia target Duna Drava Cement acquirer Duna Drava Cement partner

Sectors#Construction Materials

“EU antitrust regulators are set to block German cement producers HeidelbergCement and Schwenk's joint bid for Mexican peer Cemex's Croatian unit barring a last minute change of mind.”pymnts.com

4 sources
pymnts.comCPI | EU: HeidelbergCement, Schwenk Cemex Croatia deal faces vetoCPIMar 28, 2017
cemnet.comEU reportedly set to block HeidelbergCement, Schwenk's Cemex Croatia dealMar 29, 2017
poandpo.comEC prohibits HeidelbergCement and Schwenk's takeover of Cemex Croatia | Companies | POST Online MediaApr 5, 2017
europeansources.infoMergers: Commission prohibits HeidelbergCement and Schwenk’s proposed takeover of Cemex Croatia – European Sources OnlineApr 5, 2017

Summarized from public sources; check the original articles before acting on it.

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