SummaryCemex S.A.B de C.V.(Cemex) proposes to acquire the outstanding shares in Rinker Group Ltd (Rinker).
Market definitionGiven 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 analysisThe 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.