News, 24 November 2011
The FCA today approved a transaction whereby NCC Roads Oy acquires the asphalt coating business of Destia Oy and Destia Kalusto Oy. Destia's fixed asphalt station Maantiekylä in Tuusula is left outside the transaction.
The previous transaction by NCC Roads Oy and Destia Oy was notified to the FCA last spring. At that time, the object of acquisition included Destia's entire asphalt coating business. The FCA found that as a result of the transaction, a joint dominant position significantly impeding competition was created or strengthened between NCC and Lemminkäinen in the manufacture and sales of asphalt mass in the capital city region. The FCA proposed that the Market Court ban the deal, as the commitments proposed by NCC to the FCA did not eliminate the harmful effects for competition resulting from the transaction.
Like the FCA, the Market Court found that the commitments originally proposed by NCC were insufficient and on 2 November 2011 approved the transaction on stricter conditions. NCC Roads and Destia withdrew from the deal after the decision was issued. The companies concluded a new agreement in October 2011 which does not include Destia's fixed asphalt station in Tuusula. The threshold for intervention is hence not exceeded and the FCA can approve the arrangement.
The FCA’s decision contains business secrets by the parties and can be published once these have been removed, i.e. in roughly two week's time.
Head of Research Maarit Taurula and
Research Officer Kaisa Kokko