CMA orders Breedon Aggregates to divest plants and cap prices
As reported in the Competition Update on 7 April, the Competition and Markets Authority (CMA) was due to publish its final report on the merger between Breedon Aggregates and Aggregate Industries by 5 May. The report was published nearly one month earlier, on 9 April. It is the first merger report following a Phase 2 investigation published by the CMA since the new authority became operational on 1 April 2014, when it took over all competition functions from the now-defunct Office of Fair Trading (OFT) and Competition Commission (CC).
The CMA confirmed the CC’s preliminary findings that the acquisition of 11 aggregates quarries, four asphalt plants and nine RMX plants may result in higher prices for RMX in Peterhead and for asphalt in Aberdeen and Inverness. The CMA agreed with the CC that prices could be driven up due to a lack of alternative suppliers in the relevant markets, which are local in nature due to high haulage costs and, in the case of RMX, the perishability of the product…
Click on the link below to read the rest of the Dentons briefing.
News from Dentons
News from The Lawyer
Briefings from Dentons
Re:Sound’s Tariff 8 is already the subject of an application for judicial review and has been the impetus for a public debate about the appropriateness of licence fees.
A Montreal-based artist is suing the producer and broadcaster of 30 Vies — on the basis that footage of a graffiti tag in the opening credits constitutes copyright infringement.
Analysis from The Lawyer
The continent’s boom in natural resources and renewable energy is sparking an infrastructure drive
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.