# Cemex's plan to buy Holcim's Spanish units faces EU objection

Cemex's plan to buy out Swiss construction supplier Holcim's Spanish units has been objected by the European Union's antitrust regulator, with concerns over competition in the grey cement market.

- Type: Acquisition
- Announced: 2020-05-16
- Where: Spain, Spain
- Status: announced
- Products: grey cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md) (target)
- [Cemex](https://endata.com/companies/16140.md) (acquirer)

## Sources

- [constructiondigital.com](https://constructiondigital.com/facilities-management/cemex-holcim-acquisition-hits-european-commission-barrier), 2020-05-16: "Cemexs plan to buy out Swiss construction supplier Holcims Spanish units has been objected by the European Unions antitrust regulator according to a source of Reuters."
- [businesschief.eu](https://businesschief.eu/corporate-finance/cemex-holcim-spain-deal-cleared-eu-dollar50-billion-lafarge-holcim-merger-looms), 2020-05-19: "The Commission concluded that the acquisition would not raise competition concerns since the merged entity will continue to face sufficient competition from its rivals in all markets concerned."

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