Last checked at 30 Apr 2013 07:00
30 April 2013
Breedon Aggregates Limited
("Breedon" or the "Group")
Acquisition of certain Scottish Assets from Aggregate Industries
Further to the announcement by Breedon on 10th April regarding the acquisition of certain Scottish assets from Aggregate Industries (the "Transaction" or the "Assets"), the Group has received a request for information from the Office of Fair Trading (OFT).
The OFT has requested certain interim undertakings from the Group during the course of its review and Breedon envisages entering some undertakings once completion has occurred. The Transaction will complete as planned at close of business today. These undertakings have not yet been agreed but are intended, in particular, to ensure the assets are not impaired by Breedon during the course of the review.
Whilst there is some overlap between the Group's current operations and the Assets, the board believes that there are no material competition issues in respect of the Assets and will work with the OFT to seek a successful outcome.
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For further information:
Breedon Aggregates Limited 01332 694010
Peter Tom CBE, Executive Chairman
Simon Vivian, Group Chief Executive
Ian Peters, Group Finance Director
Stephen Jacobs, Head of Communications 07831 764592
Cenkos Securities 020 7397 8900
Max Hartley, Nicholas Wells