BRUSSELS, Oct 22 (Reuters) - European Union antitrustregulators are investigating whether Swiss cement maker Holcim's proposed takeover of Mexican rival Cemex's operations in Germany will reduce competition and result inhigher prices for consumers.
Holcim and Cemex revealed plans in August to exchange someassets and combine others in Europe in response to toughconditions in the construction industry.
The European Commission said it will decide by March 10,2014, whether to clear the deal.
"The Commission's initial market investigation indicatedthat the proposed transaction may substantially lessencompetition in parts of Germany and Belgium," the EU competitionauthority said in a statement.
"In particular, the Commission is concerned that thetransaction could enable cement producers active in Germany andBelgium to coordinate their market behaviour, or facilitate suchcoordination."
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