Tarmac Trading Limited / Breedon Group plc merger inquiry

The CMA has investigated and cleared the anticipated acquisition by Tarmac Trading Limited of certain assets of Breedon Group plc.

From:
Competition and Markets Authority
Published
1 February 2018
Last updated
25 June 2018 — See all updates
Case type:
Mergers
Case state:
Closed
Market sector:
Building and construction
Outcome:
Mergers - phase 1 clearance with undertakings in lieu
Opened:
1 February 2018
Closed:
18 June 2018

Statutory timetable

Phase 1 date Action
15 June 2018 Undertakings in lieu of reference accepted
15 May 2018 Decision published
26 April 2018 Decision announced
27 February 2018 Launch of merger inquiry
27 February 2018 to 13 March 2018 Invitation to comment

Phase 1

Undertakings in lieu of reference accepted

15 June 2018: The CMA has accepted undertakings in lieu of reference for the anticipated acquisition by Tarmac Trading Limited of certain assets of Breedon Group PLC. A copy of the decision and the undertakings are available below.

Undertakings in lieu of reference consultation: now closed

25 May 2018: We are consulting on proposed undertakings in lieu of a reference for the anticipated acquisition by Tarmac Trading Limited of certain assets of Breedon Group PLC.

CMA to consider undertakings offered

10 May 2018: The CMA considers that there are reasonable grounds for believing that the undertakings offered by Tarmac Trading Limited, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. The full text of the decision is available below.

Reference unless undertakings accepted

26 April 2018: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns. The full text of the decision is available below.

26 April 2018: The CMA has decided to give its consent to Tarmac’s acquisition of certain assets of Breedon Group plc. The full text of the decision is available below.

5 March 2018: Following a request by Tarmac Trading Limited under the Anglo American / Lafarge undertakings, the CMA is inviting comments from third parties on whether to give consent to Tarmac Trading Limited to re-acquire 27 ready-mix concrete plants from Breedon Group plc.

Launch of merger inquiry

27 February 2018: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: closed 13 March 2018

27 February 2018: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Contact

Please send written representations about any competition or public interest to:

mergersupportteam@cma.gov.uk

Published 1 February 2018
Last updated 25 June 2018 + show all updates

  1. Undertakings in lieu acceptance decision published.

  2. Final undertakings accepted and published.

  3. Undertakings in lieu of reference consultation launched.

  4. Full text decision published.

  5. Decision announced.

  6. Decision announced.

  7. Consultation notice published.

  8. The CMA announced the launch of its merger inquiry by notice to the parties.

  9. First published.

Related content