Cemex Announces Closure OF European Commission's Antitrust Proceedings

(RTTNews) - Building materials company Cemex S.A.B. de C.V. (CX) on Friday said the proceedings formally initiated by the European Commission in December 2010 against Cemex and other companies regarding anticompetitive practices in Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Spain and the United Kingdom, has been closed by the European Commission.

As a result, Cemex said it is not subject to any fines or penalties resulting from such proceedings.

Cemex said it cooperated with the European Commission throughout the process and, in general, will take any necessary steps to continue to operate in accordance with the laws and regulations of the countries in which it does business.