France requires divestments in approval of Tarmac acquisition

It was reported previously in our June bulletin that the Commission had approved part of the acquisition of the aggregate activities of Tarmac Routes et Carrières by the road and rail maintenance group Eurovia. The Commission also referred certain aspects of the acquisition which had a particular national nexus to the relevant national competition authority for their review. The acquisition would have resulted in significant overlaps in businesses in France and the Czech Republic and the national competition authorities in these jurisdictions requested the right to review the effects of the merger on their markets.

The Czech authoritity conditionally approved the merger, subject to the sale of three quarries. The French authority also conditionally approved the merger, subject to the divestment of several aggregates quarries in six different locations. These commitments are to ensure the presence of aggregate suppliers independent of Eurovia in these locations.