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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 European Commission barred the sale of three Cemex Croatia cement plants to Duna Dráva Cement, a joint venture of HeidelbergCement and Schwenk, citing reduced competition in gray cement markets.
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.