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 jurisdiction over a

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