UOKiK issued this year's first conditional clearance. The German concern specialising in production and sales of concrete will be able to take over its competitor, if it sells a part of assets in the indicated time

Both CRH Deutschland and E. Schwenk operate in Poland in the sector of production and sales of concrete. They own a total of 40 companies. As the turnover of both companies in Poland exceeded EUR 50 million UOKiK had to give its clearance for the take over of control by the first entrepreneur over the second one.

Having analysed the planned transaction, UOKiK expressed its consent to it under one condition. By the end of 2008, CRH Deutschland will have to sell to an independent buyer all the shares in the Res-Bet company it owns. The execution of this condition aims to protect competition in Podkarpacie region. Leaving this company in the hands of CRH Deutschland would lead to a strong consolidation in the Rzeszów region.

As a result of the transaction, the German concern will take over the control over E. Schwenk, its 11 subsidiaries and will become a shareholder in 4 other companies, out of which three are concrete producers.

Pursuant to the law, the execution of this transaction without the antimonopoly office’s clearance entitles the President of UOKiK to undertake actions aimed at restoring the state of effective competition. He may for example order the division of the entrepreneur or a sale of a part of shares and impose a fine amounting up to 10% of entrepreneur’s revenue.

Additional information:
Małgorzata Cieloch, UOKiK Spokesperson
Pl. Powstańców Warszawy 1, 00-950 Warszawa
Tel. 22 827 28 92, 55 60 106, 55 60 314
faks 22 826 11 86

E-mail: [SCODE]bWNpZWxvY2hAdW9raWsuZ292LnBs[ECODE]