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EC clears Imerys / Kerneos 03.07.17

On 20 June 2017 the European Commission cleared without any conditions Imerys’ €900m acquisition of Kerneos. During the extended prenotification and Phase I, the Commission investigated in particular foreclosure concerns arising from the vertical link between Imerys’ activity in monolithic refractories and Kerneos’ calcium aluminate cement, which is a key input to the latter, as well as possible links to complementary products already part of Imerys’ portfolio. RBB advised Imerys alongside lawfirm Jones Day.