Cemex faces EC prodceedings

Cemex has been informed by the European Commission that it has decided to initiate formal proceedings in respect of possible anti-competitive practices in Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Spain and the UK. Confirming receipt of the notice from the EC, a statement from Cemex said: "The Commission has indicated that Cemex, as well as seven other companies [not named], will be included in these proceedings. "This development stems from an investigation
March 28, 2012 Read time: 2 mins

643 Cemex has been informed by the 1022 European Commission that it has decided to initiate formal proceedings in respect of possible anti-competitive practices in Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Spain and the UK.

Confirming receipt of the notice from the EC, a statement from Cemex said: "The Commission has indicated that Cemex, as well as seven other companies [not named], will be included in these proceedings.

"This development stems from an investigation launched by the European Commission in November, 2008.

"In its notification, the Commission stated that: 'The initiation of proceedings does not imply that the Commission has conclusive proof of the infringements but merely signifies that the Commission will deal with the case as a matter of priority.'

"Cemex has cooperated with the investigation and maintains that it has always acted in accordance with applicable laws and regulations, and intends to defend its position vigorously in these proceedings."

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