News, 7 August 2012
The FCA yesterday decided to commence phase two investigations in a deal whereby Rudus Oy acquires sole control in Lemminkäinen Rakennustuotteet Oy (Lemminkäinen Construction Materials). Both partiers e.g. produce and sell ready-made concrete and concrete products.
It will be investigated during phase two, whether the present deal may significantly impede effective competition in the Finnish markets or a substantial part thereof, in particular as a result of the creation or strengthening of a dominant position. During phase two, the FCA may approve the deal as such, attach conditions on its implementation or propose that the Market Court prohibit the deal. Phase two proceedings may last a maximum of three months under the Competition Act.
The decision yesterday issued by the FCA contains several business secrets by the parties and it can only be published after these have been removed. A public version of the decision will be published on the FCA's webpage as soon as it is completed.
Senior Research Officer Keijo Ranta