Riyadh – Mubasher: Qassim Cement Company has received the General Authority for Competition’s (GAC) no-objection to the completion of the economic concentration resulting from its acquisition of 100% of A-Mix Company’s shares, according to a bourse filing.
The approval was issued on 6 October, clearing a regulatory condition for the transaction, which was announced in September through a share sale and purchase agreement.
Qassim Cement noted that there is no change to the transaction consideration previously announced.
The company signed an agreement to fully acquire A-Mix, with further details disclosed in an addendum on 14 September.
