Home / Business and Economy / Holcim's €1.85B Xella Deal Gets EU Green Light
Holcim's €1.85B Xella Deal Gets EU Green Light
12 Jun
Summary
- Holcim's €1.85 billion acquisition of Xella received EU antitrust approval.
- The approval was conditional on Holcim selling a Romanian business.
- The deal supports Holcim's expansion into the European refurbishment market.
The European Commission has granted antitrust approval for Holcim's €1.85 billion acquisition of German walling systems manufacturer Xella. This significant development, announced in October last year, is a key component of Holcim's strategy to diversify and expand within the substantial European refurbishment market, estimated to be worth approximately €250 billion annually.
To secure the EU's approval, the Swiss-based Holcim committed to selling its Romanian business. This specific plant manufactures building materials focused on energy efficiency and sustainability for construction projects. The European Commission, acting as the EU's antitrust enforcer, confirmed that this divestment effectively addressed all its concerns, thereby facilitating the completion of the acquisition.
The deal's progression underscores regulatory bodies' scrutiny of major mergers. Holcim's willingness to divest the Romanian operation demonstrates a proactive approach to navigating antitrust regulations while pursuing its strategic objectives in a growing market sector.
