# 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.

- Type: Acquisition
- Announced: 2017-03-28
- Where: Croatia, Croatia
- Value: $270.0M (250.0M EUR)
- Status: cancelled
- Products: grey cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cemex](https://endata.com/companies/16140.md) (target)
- [HeidelbergCement](https://endata.com/companies/20595.md) (acquirer)
- [Schwenk](https://endata.com/companies/23153.md) (acquirer)
- [Cemex Croatia](https://endata.com/companies/23169.md) (target)
- [Duna Drava Cement](https://endata.com/companies/23170.md) (acquirer)
- [Duna Drava Cement](https://endata.com/companies/23170.md) (partner)

## Sources

- [pymnts.com](https://www.pymnts.com/cpi-posts/eu-heidelbergcement-schwenk-cemex-croatia-deal-faces-veto/), 2017-03-28: "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."
- [cemnet.com](https://www.cemnet.com/News/story/161415/eu-reportedly-set-to-block-heidelbergcement-schwenk-s-cemex-croatia-deal.html), 2017-03-29: "EU antitrust regulators are set to block HeidelbergCement and Schwenk's joint bid for Cemex's Croatian unit barring a last minute change of mind."
- [poandpo.com](https://www.poandpo.com/companies/ec-prohibits-heidelbergcement-and-schwenks-takeover-of-cemex-croatia-542017840/), 2017-04-05: "The European Commission has prohibited the proposed takeover of Cemex Croatia by HeidelbergCement and Schwenk under the EU Merger Regulation."
- [europeansources.info](https://www.europeansources.info/record/mergers-commission-prohibits-heidelbergcement-and-schwenks-proposed-takeover-of-cemex-croatia/), 2017-04-05: "The European Commission announced on 5 April 2017 its decision to prohibit the proposed takeover of Cemex Croatia by HeidelbergCement and Schwenk, according to the EU Merger Regulation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.