Cma

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The Competition and Markets Authority (CMA) has secured the disqualification of two former directors of Northern Ireland-based firm FP McCann Ltd (FPM) for their parts in an illegal construction cartel. The move follows the Competition and Market Authority’s (CMA) 2019 decision that FPM,

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The Competition and Markets Authority (CMA) has secured the disqualification of three company directors, after finding they broke competition law by forming a cartel in the construction industry.

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The Competition and Markets Authority (CMA) has paved the way for materials supplier Breedon to acquire around 100 sites from Cemex after accepting moves by the company to resolve competition concerns.

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Construction materials supplier Breedon has agreed the disposal of certain assets to Tillicoultry Quarries Limited for £12.2 million on a cash and debt free basis as it moves to address competition concerns regarding its acquisition of around 100 sites from Cemex.

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Construction materials supplier Breedon is to offload two quarries and a cement terminal in Scotland in an effort to address competition concerns regarding its £178 million deal to buy around 100 Cemex sites around the UK.

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Breedon’s proposed purchase of certain Cemex assets will raise competition concerns, and result in higher prices for materials in the East of Scotland, the Competition and Markets Authority (CMA) has warned as it set a five-day deadline for the concerns to be addressed.

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Two of the UK’s largest suppliers of rolled lead have admitted to taking part in anti-competitive arrangements and could face fines of more than £11 million.

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