Cemex S.A.B de C.V. - proposed acquisition of Rinker Group Ltd
Type of assessment
Informal Review
Reference
26148
Acquirer(s)
Cemex SAB de CV
Target(s)
Rinker Group Ltd
Industry
Cement
Summary
Cemex S.A.B de C.V.(Cemex) proposes to acquire the outstanding shares in Rinker Group Ltd (Rinker).
Outcome of assessment
Not opposed
Total review days *
12
Commenced public review
3rd November 2006
Date completed
20th November 2006
Market definition
Given the very limited overlap between the operations of the parties, for the purpose of this assessment, the relevant markets were considered to be national markets for clinker, cement, concrete, and lime. The competition assessment would be unchanged if narrower regional markets were adopted, as they have been in previous matters.
Competition analysis
The ACCC considered that a substantial lessening of competition was unlikely to arise in the relevant markets. In Australia, Cemex has only a very small presence in the clinker and cement markets. Given minimal competitive overlap, the main effect of the acquisition was to change the ownership of Rinker. Accordingly, the ACCC decided not to oppose the proposed acquisition.
Review timeline
Date
Event
3rd November 2006
ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commenced
17th November 2006
Closing date for submissions from interested parties
20th November 2006
ACCC announced it would not oppose the proposed acquisition
* Total Review days = Total business days less public holidays and time during which the review was suspended.
