Friday, June 17, 2016

U.S. FTC requires HeidelbergCement and Italcementi to divest U.S. assets

WASHINGTON, June 17 (Reuters) - German cement producer

HeidelbergCement AG and Italian producer Italcementi

SpA have agreed to divest a cement plant in Virginia

and up to 11 cement distribution terminals in other states to

settle Federal Trade Commission charges that their proposed $4.2

billion merger would likely harm competition in the United

States, the Federal Trade Commission said on Friday.

(Reporting by Eric Beech; Editing by Eric Walsh)

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