European Commission Conditionally Approves Holcim's $2.14 Billion Acquisition of Xella
By Aimee Look
The European Commission greenlit Swiss building-materials supplier Holcim's $2.14 billion acquisition of Xella, on the condition it divests a blocks plant in Romania.
Holcim said in October last year it would purchase the Germany-based walling solutions company for 1.85 billion euros, or $2.14 billion. The deal is part of its broader strategy to expand its building solutions segment through 2030, the company said at the time.
The commission on Friday said its approval of the deal is conditional upon Holcim's full divestment of its AAC blocks plant---which makes lightweight concrete---in Adjud, Romania.
Holcim had offered to divest the plant in Romania to quell competition concerns regarding overlap in the two parties' AAC blocks businesses, the commission said.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
June 12, 2026 13:07 ET (17:07 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States