Breedon's £178M purchase of Cemex assets raises UK competition concerns

Breedon Group's £178 million deal to buy approximately 100 Cemex sites across the UK raises competition concerns in 15 local markets for ready-mixed concrete, aggregates and asphalt, the CMA found.

“the deal gives rise to competition concerns in relation to the supply of ready-mixed concrete, non-specialist aggregates or asphalt in 15 local markets across the UK.”gov.uk

• 6 sources
• gov.ukConstruction materials deal raises competition concerns - GOV.UKCompetition, Markets AuthorityAug 26, 2020
• insider.co.ukBreedon Cemex merger could raise prices, warns watchdog - Business InsiderHamish BurnsAug 26, 2020
• constructionnews.co.ukWatchdog fears higher materials prices after Breedon’s £180m Cemex deal | Construction NewsMegan KellyAug 26, 2020
• irishnews.comBreedon acquisition of Cemex raises competition concerns – The Irish NewsGary McDonald Business EditorAug 27, 2020
• cemnet.comBreedon welcomes CMA announcement on Cemex asset acquisitions

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