Spanish court dismisses Cemex appeal

The Federal Court of Justice in Germany confirmed the fine imposed on HeidelbergCement in 2009 by the Higher Court of Düsseldorf at a reduced level of €161.4 million. After release of the respective provision, a P&L effective charge of €30 million remains in the second quarter 2013. The cash outflow of €161.4 million will probably occur within the next 12 to 18 months. Result outlook and financial planning remain unchanged. "We have to accept the verdict of the Federal Court of Justice, and we state that th

Mexico’s collegiate circuit tribunal has ruled in favour of Cemex on the so-called 'May Nour' case which has been in dispute for nearly ten years.
Comercio para el Desarrolo Mexicano (CDM), a company made up of former employees of the global cement manufacturing giant, together with the now obsolete Federal Competition Commission, accused Cemex in 2004 of monopolistic practices. CDM claimed the company had blocked 27,000tonnes of Russian cement from entering Mexico via the ship known as Mary Nour. The com

Fines of €10million and €4.5million handed down to Lafarge Ciments and Vicat for cartel activity have been confirmed by the Paris Court of Appeal. The companies were fined for operating a price fixing system in Corsica, France.