FAS BLOCKED THE ACQUISITION OF ATAKAYCEMENT BY ACTUAL INVESTMENTS AND NOVOROSCEMENT

11-01-2022 | 17:00

AO Actual Investments, OAO Novoroscement and other economic entities that are part of the same corporate group are among the largest cement producers of the Southern and Northern Caucasus Federal Districts.

The analysis of the state of competition in the market of general construction cement demonstrated that if the transaction took place, the aggregate share of the corporate group Actual Investments, NC and Atakaycement in the cement market in these Federal Districts would exceed 50% in terms of both sales and production capacity.

According to FAS, the transaction would allow Actual Investments and NC to unilaterally influence the general conditions of cement circulation in the Southern and Northern Caucasus Federal Districts, which under certain conditions may lead to the restriction of competition in the relevant product market.



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