UK: TARMAC TAKEOVER REFERRED TO OFT

Article Abstract:

The takeover of Tarmac, by global mining giant, Anglo American, has now been referred to the Office of Fair Trading (OFT). It is thought that the deal will go through successfully, although Anglo may be expected to make some small disposals.

Diversified Companies, Acquisitions & mergers, Residential Buildings, Residential Building Construction, Copper Mines, Copper Ore and Nickel Ore Mining, South Africa, Gold Mines, Construction Sand & Gravel, Highways & Streets Constructn, Brick & Structural Tile, Roofing Tile, Concrete, Gypsum, Plaster, Gold Ore Mining, Construction Sand and Gravel Mining, Highway and Street Construction, Brick and Structural Clay Tile Manufacturing, Other Structural Clay Product Manufacturing, Nonmetallic Mineral Product Manufacturing, Construction industry, Residential construction, Copper mining, Mining industry, Brick industry, Copper industry, Gold industry, Road construction industry, Roofing industry, Sand, gravel and stone industry, Refractories industry, Sand and gravel industry, Stone industry, Gold mining, Road construction, Bricks, Roofing tiles, Concretes, Gypsum, Plaster, Anglo American Industrial Corporation Ltd., Tarmac PLC

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UK: PIONEER PURCHASE BY HANSON FACES REFERRAL

Article Abstract:

Pioneer's GB[pound] 1.5bn purchase by Hanson could be referred to UK regulators by the European Commission (EC), it emerged on 7 March 2000. The Department of Industry is keen for the building materials deal to be examined in relation to competition regulations in the UK. The indications are that Hanson may be asked o undertake up to two minor disposals in markets where there is duplication with Pioneer, possibly involving the South Wales and SouthEast ready-mix concrete operations. The UK's plea is expected to be agreed to by the EC, with the Office of Fair Trading to subsequently take a closer look at the agreement.

Government regulation (cont), Pioneer, Hanson

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UK/FRANCE: LAFARGE - NO PLANS TO RAISE BID

Article Abstract:

Bertrand Collomb, chairman of French building materials company, Lafarge, has said the company has no plans to increase its offer of GB[pound] 3.4bn for Blue Circle Industries. Lafarge reported a 32% rise in net earnings to GB[pound] 375mn in 1999.

Lafarge Corp.

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