Holcim Limited - proposed acquisition of Cemex Australia Holdings Pty Ltd

Acquirer(s)

  • Holcim Limited

Target(s)

  • Cemex Australia Holdings Pty Ltd

Market definition

The ACCC did not consider it necessary to come to a definitive view with respect to market definition for the purposes of its assessment of the proposed acquisition.

Competition analysis

The ACCC formed the view that the proposed acquisition was unlikely to substantially lessen competition in any relevant markets. In reaching this view, the ACCC noted that:
- the merged entity would continue to be competitively constrained by existing competitors, including Boral and Adelaide Brighton; and
- the merged entity's incentives would not be significantly altered as a result of the proposed acquisition.

Timeline

DateEvent
16/06/2009Holcim Limited announced that it had reached an agreement to acquire Cemex Australia Holdings Pty Ltd.
30/06/2009Upon receipt of a submission from the merger parties, the ACCC commenced a review under the Merger Review Process Guidelines.
21/07/2009Former closing date for submissions from interested parties, amended to allow for further market inquiries.
29/07/2009Closing date for submissions from interested parties.
12/08/2009Former proposed date for announcement of ACCC's findings, amended to allow for further market inquiries.
25/08/2009ACCC announced it would not oppose the proposed acquisition.