News: ABC ACCC Closes Investigation Into Completed Barro-Adelaide Brighton Acquisition

Jan 30 (Reuters) - Adelaide Brighton Ltd (ABC) :

• CLOSES INVESTIGATION INTO COMPLETED BARRO-ADELAIDE BRIGHTON ACQUISITION
• INVESTIGATION FOUND BARRO & ADELAIDE BRIGHTON WILL CONTINUE TO FACE COMPETITION FROM BORAL, HOLCIM AND HANSON
• FOUND BARRO AND ADELAIDE BRIGHTON WILL CONTINUE TO FACE COMPETITION FROM BORAL, HOLCIM AND HANSON, AND OTHER SMALLER INDEPENDENT COMPETITORS
• ACCC MAY REOPEN ITS INVESTIGATION IF IT RECEIVES FURTHER INFORMATION THAT ALTERS ITS CURRENT CONCLUSIONS.
• BARRO DID NOT SEEK INFORMAL MERGER CLEARANCE FROM THE ACCC PRIOR TO ACQUIRING ADELAIDE BRIGHTON