Lafarge welcomes commission’s decision
THE Competition Commission has said miner Anglo American and cement maker Lafarge must sell “a significant portfolio of operations” for it to approve a planned joint venture.
The commission ruled in February that the venture could damage competition in certain markets for construction materials.
It said today that the “extensive package of operations” the two need to sell include a cement plant, quarry and linked rail depot, a network of RMX plants, six aggregate quarries and two asphalt plants. These measures would allow a new competitor to enter the British market.
Lafarge said it welcomed the commission’s decision to approve the deal and said both it and Anglo American were “confident” the conditions could be met.