Competition Commission report on joint venture

RNS Number : 5003C

Breedon Aggregates Ld

01 May 2012

 



1 May 2012

Breedon Aggregates Limited ("Breedon" or the "Company")

Re: Competition Commission report on proposed Tarmac/Lafarge joint venture

Breedon Aggregates notes the report issued today by the Competition Commission, which states that it will require Anglo American PLC and Lafarge S.A. to sell a significant portfolio of operations, paving the way for entry by a new competitor into the UK cement market, before their proposed construction materials joint venture can proceed.

Breedon has in the past indicated its interest in any assets which may become available through this divestiture programme, in line with its stated strategy of consolidating the heavyside end of the UK building materials industry.  The Company will assess any specific opportunities once further details on the proposed disposals have been made available.  Further announcements will be made in due course.

- ends -

For further information, please contact:

Breedon Aggregates Limited

Simon Vivian, Group Chief Executive

Ian Peters, Group Finance Director

01332 694010

Stephen Jacobs, Head of Communications

07831 764592

Cenkos Securities plc

Max Hartley / Nicholas Wells

020 7397 8900

More about Breedon Aggregates

Breedon Aggregates is the largest independent aggregates business in the UK, operating 26 quarries, 18 asphalt plants and 40 ready-mixed concrete plants in England and Scotland, and employing around 800 people. The group has strong asset backing, with nearly 200 million tonnes of mineral reserves and resources.

www.breedonaggregates.com

 

END

 

 

STRLLFEVEEILIIF