NEWS HIGHLIGHT
Aggregates firms may stifle competition
The U.K. market for aggregates, cement and ready-mix
concrete used in construction may be distorted and requires a full
investigation by the Competition Commission, Britain’s antitrust
regulator said.
Aug. 16, 2011 – The U.K. market for aggregates, cement and ready-mix concrete used in construction may be distorted and requires a full investigation by the Competition Commission, Britain’s antitrust regulator said.
The provisional decision follows a probe started last year over concerns the biggest companies were barring smaller competitors from the market and driving up prices, the U.K. Office of Fair Trading said in a statement today on its website. The five largest companies account for more than 90 percent of cement sales in Britain, the OFT said. | READ MORE
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