Anglo American/Lafarge jv deadline
First publishedon www.AggBusiness.com
The UK’s Competition Commission is expected to publish its final report on the the proposed UK joint venture between Anglo American and Lafarge in late April.
However, the CC has already decided provisionally that the proposed jv could damage competition in certain markets for construction materials.
Anglo American and Lafarge want to establish a 50:50 jv to which each of would contribute the bulk of their construction materials businesses in the UK.
The CC says the two parties’ main overlapping activities in relation to the jv are in the production and supply of cement, aggregates, asphalt and ready-mix concrete, and in its summary of the provision findings concludes that the jv could lead to a substantial lessening of competition in a number of markets including the supply of bulk cement, rail ballast, high purity limestone, primary aggregates for construction applications in 23 local markets along with the supply of asphalt in two local markets, and the supply of ready-mix concrete in seven local markets.