WHILE there have been concerns that YTL Cement Bhd’s acquisition of Lafarge Malaysia Bhd may breach competition laws in the country, the competition watchdog says that it is not in a position to stop such mergers and acquisitions (M&As) from taking place.
The Malaysia Competition Commission (MyCC) chief executive officer, Iskandar Ismail, says to date, the provision of M&As has yet to be inserted into the Competition Act 2010 (CA 2010).
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