The Competition Commission of Mauritius (CCM) has opened an inquiry to determine whether the merger of Holcim and Lafarge will have a negative impact on the competition in the island's cement market. If the merger is completed successfully, Lafarge and Holcim have said they will both sell their holdings in Holcim (Mauritius) Ltd to a third party.
"We appreciate that the merger parties have informed the CCM of their actions and are reactive with respect to measures that restore competition in the cement market in Mauritius," says Kiran Meetarbhan, CCM executive director. "CCM encourages all parties to provide their views on the effects that this merger could have, so the CCM can make an informed decision."
Crown Cement earned a profit after tax of BDT1001m in FY24
Crown Cement PLC, in Bangladesh, recently released its annual report for FY23-24. During the las...