Schwenk abandons acquisition of Opterra's Karsdorf cement plant

Schwenk KG has abandoned its plans to acquire a cement plant in Karsdorf, Saxony-Anhalt from Opterra GmbH (a subsidiary of CRH), after the Bundeskartellamt raised competition concerns. The withdrawal also includes the acquisition of a plant in Sötenich.

“The merger was expected to significantly impede effective competition and would have therefore had to be prohibited.”bundeskartellamt.de

• 1 source
• bundeskartellamt.deBundeskartellamt - Homepage - Acquisition of Karsdorf cement plant by Schwenk abandonedNov 16, 2017

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