UPDATE 1-EU to clear Cemex, Holcim Spain deal without conditions -source

lunes 4 de agosto de 2014 11:46 GYT

* European Commission objected to the deal last month

* Commission declines comment

* Commission to publish decision by Sept. 12 (Adds European Commission, Holcim and Cemex decline to comment)

By Foo Yun Chee

BRUSSELS, Aug 4 (Reuters) - Mexican cement producer Cemex is set to secure unconditional European Union antitrust approval for its planned acquisition of Swiss peer Holcim's Spanish units, a person familiar with the matter said on Monday.

The European Commission, the EU executive, voiced its objections to the deal last month, another source had told Reuters, ramping up pressure on Cemex to offer concessions to allay its concerns.

Cemex has convinced the European Commission that the deal will not reduce competition in Spain, said the source, who declined to be named because the decision is not yet public.

Commission spokeswoman Emer Traynor, Cemex and Holcim declined to comment on the decision, which will be made public by Sept. 12.

The EU competition watchdog's preliminary review showed the takeover would substantially curb competition in the grey cement market in certain parts of Spain.   Continuación...