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    Where's the Competition Commission gone ?

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    papa_umau
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    Where's the Competition Commission gone ?

    Post by papa_umau on Mon 07 Apr 2014, 12:08 pm

    Lafarge and Holcim outline terms of cement mega-merger

    World's largest cement makers could agree to form company with a stock market value of more than 26bn




    When I see things like this happening I wonder if the Competition Commission are fast asleep.

    I mean, when anything is going to be built these days it is usually built using concrete and that is almost all composed of "cement".

    If such a monopolistic company have the power to set the fixed price of cement to everybody that needs it, the consumers are going to be held to ransom are they not ?

    Anybody ?


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    zathrus
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    Re: Where's the Competition Commission gone ?

    Post by zathrus on Thu 10 Apr 2014, 11:58 am

    Like most other watchdogs the Competition Commission are toothless.
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    papa_umau
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    Re: Where's the Competition Commission gone ?

    Post by papa_umau on Fri 11 Apr 2014, 12:06 pm

    To place this story in context I have to mention that the companies merging into this mega-company are Swiss and French.

    I am sure that this merger will put severe pressure on our own British Portland Cement manufacturers, as such monsters usually squeeze out the smaller companies.

    I will keep a close eye on this !

    HERE is the story from the BBC.


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    Re: Where's the Competition Commission gone ?

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