LafargeHolcim's takeover of Somaco to be investigated

Romania's competition authority is to analyse LafargeHolcim's acquisition of Romanian precast concrete producer Somaco. LafargeHolcim had signed an agreement in July with Romanian-based Oresa for the acquisition of Somaco. 

LafargeHolcim wants to develop its ready-mix and aggregates business in Romania and Somaco owns five precast concrete plants and one aerated block company.

Somaco reported net sales of EUR56m in 2018. If the Competition Council is satisfied that the multinational cement producer does not infringe the competitive environment of the market, then the acquisition is due to be completed in the 4Q19.