CSR and Brickworks cleared to merge NZ businesses

Wed, 10 Oct 2012

Oct. 11 (BusinessDesk) – CSR and Brickworks are being allowed to merge their New Zealand brick businesses because the Commerce Commission took the view that competition exists from the threat of new entrants and other forms of cladding. The merger reduces the number of major clay brick suppliers in New Zealand to two from three. Commerce Commission chairman Mark Berry said the commission was satisfied that the proposed joint venture was unlikely to substantially lessen competition in the New Zealand market for manufacture, import and supply o...

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