Breedon’s Cemex takeover given all-clear

By Hamish Champ2020-09-10T10:06:00

Competition and Markets Authority accepts cement manufacturer’s guarantees

Breedon’s £178m takeover of Cemex has effectively been given the all-clear by a city watchdog after the building materials firm agreed to offload a number of its cement and asphalt interests.

The takeover was proposed in January this year, but within weeks of Breedon’s announcement the Competition and Markets Authority (CMA) said concerns around the deal meant it would be launching an investigation.

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