EU regulators to examine Holcim, Cemex deal


BRUSSELS, Oct 18 (Reuters) - EU antitrust regulators willexamine a bid by Mexican cement maker Cemex toacquire Swiss peer Holcim's cement operations in Spainfollowing a request from Spanish authorities, the EuropeanCommission said on Friday.

Holcim and Cemex unveiled in August plans to exchange someassets and combine others in Europe to boost profit amid toughconditions in the construction sector.

"The European Commission has accepted a request from Spainto assess under the EU merger regulation the proposedacquisition of Holcim's cement operations in Spain by rivalCemex," the EU competition authority said in a statement.

"The Commission also concludes that it is the best placedauthority to deal with the potential cross-border effects of thetransaction," it said.

It said it would ask Cemex to submit its request forapproval of the deal to Brussels.

The European Union executive said the Czech competitionauthority would continue to examine Cemex's takeover of Holcim'sbusiness in the Czech Republic.

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