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Latest construction company news
Last week, the OFT launched proceedings against 112 construction companies alleging that they had been involved in bid rigging in breach of Competition Law. The companies concerned range from multi-billion pound national companies to SMEs.
The companies concerned have received a massive 1700 page document called a statement of objections or 'SO' which sets out the evidence and allegations against them and all the other companies involved. In a worst case scenario a company could receive a fin... [more]
The Board of Directors of Lafarge has approved the acquisition by Lafarge of Orascom Construction Industries Cement Group, and the principle of board representation for Groupe Bruxelles Lambert and Nassef Sawiris, majority shareholder with his family of Orascom Construction Industries.
This transaction is expected to bring:
* A leading position in the Middle East and the Mediterranean Basin
* Cement capacity of 35 million tons in 2008 increasing to 45 million tons in 2010, with stat... [more]
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