The Competition and Markets Authority (CMA) has raised concerns over a proposed acquisition deal involving two large construction materials firms.
The investigation into Breedon Group’s £178m acquisition of around 100 Cemex sites, completed last month, found that such a deal could result in a substantial lessening of competition, leading to higher prices and lower quality building materials for UK construction projects.
The CMA has issued a statement relating to the investigation, which found that the deal may impact competition levels in the supply of ready-mixed concrete, non-specialist aggregates or asphalt in 15 local markets across the UK.
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