Merger Update: Breedon / Cemex

CMA invites comments on Breedon's undertakings offer:

Completed acquisition by Breedon Group plc of certain assets of Cemex Investments Limited

The Competition and Markets Authority (CMA) has opened a consultation on undertakings proposed by Breedon Group plc to address competition concerns over its acquisition of certain assets of Cemex Investments Limited.

On 26 August 2020, the CMA announced that it would refer the acquisition for an in-depth investigation unless Breedon Group plc offered acceptable undertakings to address the CMA's concerns.

To address the CMA's concerns, Breedon Group plc has offered to divest certain assets to Tillicoultry Quarries Limited.

On 10 September 2020, the CMA announced that it would look in detail at the undertakings offered by Breedon Group plc. The CMA has until 5 January 2021 to consider whether to accept the undertakings, or a modified version of them. As part of this process, the CMA is now consulting publicly on whether the proposals are sufficient to address the CMA's competition concerns.

Before reaching a final decision, the CMA is therefore inviting interested parties to make their views known. The deadline for responses is 25 November 2020.

The consultation on the undertakings and all other information relating to this merger investigation can be found on the case page at https://www.gov.uk/cma-cases.

In the event of media enquiries please email press@cma.gov.uk or call the Press Team on 020 3738 6460.