CRH Ciment, formerly Lafarge, and Comnord SA were fined by the Competition Council with RON 3,056,314 (around EUR 656,000) for the implementation of a merger that was done before receiving an authorization from the council.
In its analysis of the transaction through which CRH Ciment SA became the sole shareholder of CRH Comnord SA, the Competition Council found that a previous operation had not been notified and authorized according to current rules that govern the sector.
Competition legislation forbids mergers without notification and before the Competition Council approves them as compatible with a normal competitive environment.
CRH Ciment Romania SA is part of the CRH group, active on an international level in the manufacturing and commercialisation of cement, concrete and other construction materials.
Comnord SA’s main activity is “construction works for residential and non-residential buildings”.
CRH Ciment SA and Comnord SA admitted that they broke the law and got their fines reduced as a result.