EU to start proceedings on Cemex cartel suspicions

MONTERREY, Mexico, Dec 9 (BestGrowthStock) – Mexico’s Cemex, the
world’s No. 3 cement maker (CMXCPO.MX: )(CX.N: ), said on Thursday
it will face formal proceedings in the European Union for
possible cartel activity.

Cemex and seven other companies will be included in the
proceedings in Austria, Belgium, the Czech Republic, France,
Germany, Italy, Luxembourg, the Netherlands, Spain and the
United Kingdom, Cemex said in a statement.
(Reporting by Robin Emmott and Gabriela Lopez; editing by
Andre Grenon)

EU to start proceedings on Cemex cartel suspicions