On 15 June 2012, the Competition Commission published for consultation a draft of the undertakings it proposes to accept from Anglo American and Lafarge to address the potential adverse effects of their proposed joint venture in the construction materials sector. Under these undertakings, the parties must not enter into the joint venture until satisfying certain conditions. The two main conditions are: (1) they must dispose or sell specified cement and ready-mix concrete operations to purchaser(s) under an agreement approved by the Competition Commission; and (2) they must agree or commit to sell specified aggregates and asphalt operations, and ready-mix concrete plants under an agreement approved by the Competition Commission and within a set time period. The Competition Commission is inviting comments to the draft undertakings by 29 June 2012. Read more.