Tarmac and Lafarge tie up means large asset sell off
(UK) -- The tie up between Anglo American’s Tarmac and French building giant Lafarge has been given the go ahead by the Competition Commission as long as they both sell off a large amount of assets.
Tarmac and Lafarge would dominate the construction market as a joined force, and could damage competition it was stated by the industry watchdog in February when the deal to merge was announced.
At the time of the ruling in February, Anglo and Lafarge said they were sure they could meet conditions to the deal, which prompted rumours about buyers ready to take on the assets.