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Portuguese competition authority invites comment on Taiwan Cement Corporation’s Cimpor acquisition

Portugal: The competition authority has opened a 10-day window for public comment after receiving notification of Taiwan Cement Corporation’s proposed outright acquisition of Cimpor. The procedure is open to companies and members of the public interested in registering criticism or favourable opinions on the effects of the deal on competition.

Taiwan Cement Corporation agreed to buy current majority shareholder OYAK Çimento’s 60% stake in Cimpor for Euro480m in November 2023.

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