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European Commission blocks Cemex sale of Croatia operations-Cemex
April 5, 2017 / 1:02 PM / 8 months ago

European Commission blocks Cemex sale of Croatia operations-Cemex

MEXICO CITY, April 5 (Reuters) - Mexican cement maker Cemex will keep its Croatian operations after the European Commission blocked their sale to Hungary’s Duna-Drava Cement Kft, Cemex said in a statement on Wednesday.

CEMEX Croatia operates 3 cement plants, 7 concrete plants, 2 quarries and a network of maritime and land-based terminals in Croatia, Bosnia-Herzegovina and Montenegro, the company said.

Duna-Drava Cement KFT is a joint venture owned by German HeidelbergCement AG and Schwenk Zement AG. (Reporting by Alexandra Alper)

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