Wed, 02 May 2012 | DIVISION SALE
The tie up between Anglo American’s Tarmac and French building giant Lafarge has been given the go ahead by the Competition Commission as long as they both sell off a large amount of assets.
Tarmac and Lafarge would dominate the construction market as a joined force, and could damage competition it was stated by the industry watchdog in February when the deal to merge was announced.
At the time of the ruling in February, Anglo and Lafarge said they were sure they could meet conditions to the deal, which prompted rumours about buyers ready to take on the assets.
The asset sell off will include Lafarge’s cement plant in Hope, Derbyshire, which is one of the biggest in the UK, and the nearby Dowlow quarry and three linked rail depots. Both companies are also to dispose of over half of their ready-mix capacity in Britain.
Speaking to the Telegraph, Roger Whitcomb, who chaired the competition inquiry into the plan, said: “A large scale disposal like this is the only way to get a new entrant of sufficient scale to break into the UK cement market and thereby ensure that this joint venture does not damage competition.”
Lafarge, Tarmac, Cemex and HeidelbergCement’s Hanson presently head the cement industry in Britain.
The company was founded in 2016, although the owner has been involved in commercial property in the Kent area for over 30 years. The company provides a comprehensive range of commercial property services to a wide range of clients in and around the K...
A leading dental practice situated in the heart of London, providing exceptional dental care in a comfortable and welcoming environment.
LEASEHOLD
Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.