Competition Commission publishes provisional findings

Statement from Anglo American

"We note today’s publication of the Competition Commission’s provisional findings, which are the next step in the process of regulatory review of the proposed 50:50 joint venture between Tarmac and Lafarge.

"We continue to work with the Competition Commission to address the issues raised in their provisional findings and continue to believe in the strategic rationale of the transaction and this exciting opportunity to create a leading UK construction materials company better placed to serve its customers.

"The proposed 50:50 joint venture will create a leading UK construction materials company with a portfolio of high quality assets, drawing on the complementary geographical distribution of operations and assets, the skills of two experienced teams and a portfolio of well-known and innovative brands." 

See more:

• Competition commission website: Provisional findings (new window)
• About Tarmac
• Anglo American website (new window)
• Lafarge (new window)

21 February 2011