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.

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April, 10 2012

Readymix shareholders vote to sell remaining shares to Cemex

SHAREHOLDERS IN listed company Readymix have voted to sell the 38 per cent slice of the company not owned by Cemex to the Mexican construction giant.

Some 96.9 per cent of eligible shareholders who voted, which excluded the Cemex shareholding, voted in favour of the sale which will see shareholders receive €0.25 for each share held.

Readymix is expected to delist from the Irish stock exchange on May 9th.

The company was founded in 1965, with Cemex taking a majority shareholding in the Irish company in 2005 following its purchase of the London-based RMC group...

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