Inquiry into Breedon-CEMEX deal begins

CMA launches Phase 1 merger inquiry into Breedon Group’s proposed acquisition of certain CEMEX UK assets

ON 1 July, the Competition & Markets Authority (CMA) launched Phase 1 of its merger inquiry into the anticipated acquisition by Breedon Group plc of certain CEMEX UK assets.

The CMA is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a merger situation that may be expected to result in a substantial lessening of competition in the UK market. The deadline for the CMA to announce its decision on whether to refer the merger for a Phase 2 investigation is 26 August 2020.