Heracles and Halkis
were acquired at the end of April.
Blue Circle Industries, the cement maker fighting the final stages of a hotly contested bid from the French Lafarge, announced yesterday that the Greek Competition Committee has cleared its own acquisition of a controlling stake in Greece's Heracles & Halkis
Following completion of the Group's acquisition of Heracles and Halkis
in Greece, the results of those companies have been consolidated by BCI from 1 May.
In late May Blue Circle paid pounds 400 million for a controlling interest in Greece's biggest players Heracles and Halkis
The completion of the Group's acquisition of controlling interests in Heracles and Halkis
in Greece for 388 million pounds remains on course for early in 2000.
With that purchase and the announced acquisition of Greek cement producers Heracles General Cement and Halkis
Cement in June, Blue Circle said it would not be as active on the acquisition trail in coming months.