Mergers & Acquisitions Mergers & Acquisitions

HeidelbergCement, Schwenk lose bid to overturn EU merger veto

By Natalie McNelis
  • 05 Oct 2020 06:04
  • 05 Oct 2020 06:52
HeidelbergCement and Schwenk Zement have lost their case against the European Commission 2017 decision blocking them from buying their rival Cemex’s Croatian and Hungarian plants, according to a judgment by the EU’s General Court today.
The court was unconvinced by the German cement companies’ arguments that the commission wrongly assumed

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Natalie McNelis

Senior Correspondent

Natalie McNelis covers mergers for MLex in Brussels. Before joining MLex in 2017, she spent 20 years as an international trade and competition lawyer in law firms including Stibbe and WilmerHale. Natalie has a BA in English from Mount Holyoke College, a JD from Harvard Law School and an LLM in EU law from KU Leuven. She is admitted to the bar in New York.

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