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Office of Fair Trading refers Tarmac and Lafarge merger
The Office of Fair Trading has referred the planned merger of construction materials giants Tarmac and Lafarge to the Competition Commission. The plan to merge the companies were announced in February this year and the OFT has been examining the deal and taken evidence from 300 customers and competitors, reaching the conclusion that competition concerns arising justifies a reference to the Competition Commission.
Concerns include overlaps in; the supply of aggregates, asphalt and ready-mixed concrete in a large number of local areas (as well as particular types of aggregates at regional and national level) as well as bulk grey cement at a regional and/or national level, as well as, separately, an increased prospect of coordination in the supply of bulk grey cement. There were also additional concerns that the joint venture could foreclose independent ready-mix concrete suppliers by making it substantially more difficult for them to source bulk grey cement at competitive prices.
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