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UK Competition Commission concerned by Anglo American-Lafarge JV.

M2 EQUITYBITES-February 21, 2012-UK Competition Commission concerned by Anglo American-Lafarge JV(C)2012 M2 COMMUNICATIONS

The UK's Competition Commission has made a provisional ruling against the proposed construction materials joint venture in the UK between mining company Anglo American plc (LSE:AAL) and French industrial company Lafarge SA (Euronext:LG).

According to the regulator, this partnership has the potential to damage competition in certain markets for construction materials.

Anglo American, which owns Tarmac Ltd, and Lafarge have proposed the establishment of a 50/50 joint venture, to which each of them would contribute most of their construction materials businesses in the UK.

However, the Competition Commission has concluded that the joint venture could lead to a substantial lessening of competition in the markets for the supply of bulk cement; rail ballast; high purity limestone, when used for flue gas desulphurization (the abatement of acid gas emissions from coal-fired power stations); primary aggregates for construction applications in 23 local markets; asphalt in two local markets; and ready mix concrete in seven local markets.

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Publication:M2 EquityBites (EQB)
Date:Feb 21, 2012
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