German regulator allows Wienerberger's partial takeover of Terreal

Wienerberger AG

20/01/2023 10:12

Jan 20 (Reuters) - Germany's Federal Cartel Office has
authorised the takeover of parts of French firm Terreal by
Austrian brickmaker Wienerberger  WBSV.VI , the regulator said
on Friday.
    "Even after the merger, sufficient competitive pressure from
other companies remains and consumers will continue to have
sufficient alternative sources of supply," cartel office
president Andreas Mundt said in a statement.
    The acquisition seeks to bring together the brands Creaton
and Koramic, thus creating the largest clay roof tiles supplier
in Germany.
    The Austrian brickmaker announced last December it intended
to acquire a large part of Terreal's business.
    The plan remains under review by competition authorities in
other countries, the German regulator said.
 (Reporting by Tristan Chabba in Gdansk, editing by Rachel More)
 ((Tristan.Chabba@thomsonreuters.com;))