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ITALCALCESTRUZZI/CALCESTRUZZI (Conclusion of the investigation)


PRESS RELEASE



The Italian Competition Authority authorized Italcalcestruzzi (controlled by Italcementi Group) to acquire Calcestruzzi, following the commitments undertaken by the acquirer.

In particular, Italcementi Group said to be willing to change the operation and to give up the acquisition of plants located in Sardinia as well as to retrench its purchases in Sicily.

As such, the Authority deemed that the examined merger, even if it would lead to strengthen Italcalcestruzzi's market position, did not eliminate or reduce competition substantially and on a lasting basis, under Section 6, subsection 1, of Law no. 287/90.

The Authority reserved the power to annul its decision whether Italcalcestruzzi would not comply with commitments undertaken.

The proceedings were initiated against Italcementi, Italcalcestruzzi and Calcestruzzi to verify if the acquisition of Calcestruzzi, the leading Italian ready-mixed concrete producer and the major cement customer, could constitute or strengthen a dominant position in the markets concerned with the merger.