Eurovia acquisition partly approved

4616 Eurovia’s bid to acquire 868 Tarmac’s European aggregates assets has been granted partial approval by the 1022 European Commission.

Under the EU Merger Regulations, the EC has approved the buyout of operations in Poland and Germany but has referred the acquisition of the French and Czech operations to the competition authorities in the individual countries. According to the EC, preliminary investigation found that the proposal may significantly affect competition in the French and Czech civil engineering, road works and asphalt mixing sectors.