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EU mergers and takeovers (July 30)
2015年7月30日 / 晚上6点03分 / 2 年前

EU mergers and takeovers (July 30)

BRUSSELS, July 30 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Investment fund Apollo Management L.P. to acquire Saint-Gobain Emballage, Saint Gobain Vicasa S.A., Saint Gobain Vidros and Obale, with the group known as Verallia (approved July 30)

-- U.S. drugmaker Mylan to acquire U.S. peer Perrigo (approved July 29)

NEW LISTINGS

-- Anglo-Dutch oil major Royal Dutch Shell to acquire BG Group (notified July 29/deadline Sept. 2)

-- South African paper maker Mondi to acquire some assets from portfolio company Walki (notified July 29/deadline Sept. 2)

-- British engineering company GKN to acquire Dutch company Fokker Technologies (notified July 28/deadline Sept. 1/simplified)

-- British support services provider DCC Group to acquire French gas company Butagaz from Anglo Dutch oil company Royal Dutch Shell (notified July 28/deadline Sept. 1/simplified)

-- Archer Daniels Midland Co to acquire starch producer Eaststarch (notified July 28/deadline Sept. 1/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

AUG 4

-- U.S. drugmaker Pfizer to acquire U.S. peer Hospira (notified June 15/deadline extended to Aug. 4 from July 20 after Pfizer offered concessions)

AUG 5

-- Asset manager BlackRock and private equity firm First Reserve Management to acquire joint control of a joint venture building a gas pipeline in Mexico, in which GDF Suez holds a stake (notified June 30/deadline Aug. 5/simplified)

-- Spanish cars part maker Grupo Antolin to acquire auto parts maker Magna Interiors from Canadian car parts maker Magna International Inc (notified June 30/deadline Aug. 5)

AUG 6

-- Swiss travel retailer Dufry to acquire Italian peer World Duty Free (notified July 1/deadline Aug 6)

AUG 7

-- Private equity firm CVC Capital Partners to acquire beauty products retailer Douglas Group (notified July 2/deadline Aug. 7/simplified)

-- German insurer Axa Konzern and Compugroup Medical Mobile DTL to set up a joint venture (notified July 2/deadline Aug. 7/simplified)

AUG 10

-- Private equity firm Lone Star Fund IX to acquire textile floor coverings producer Balta (notified July 3/deadline Aug. 10/simplified)

AUG 13

-- Swiss bakery products maker Aryzta to acquire 49 percent of frozen food retailer Picard Groupe (notified July 8/deadline Aug. 13)

AUG 14

-- NH Hotel Group SA and HNA Hospitality Group Co Ltd to set up a joint venture which will operate mainly in China (notified July 9/deadline Aug. 14/simplified)

AUG 17

-- Investment fund Canada Pension Plan Investment Board (CPPIB) and real estate investment trust Intu Holding S.a.r.l. to indirectly acquire a joint controlling stake in Spanish shopping mall Puerto Venecia Investments SOCIMI S.A. (notified July 10/deadline Aug. 17/simplified)

-- Private equity firm CVC to acquire theatre producer Stage Entertainment (notified July 10/deadline Aug. 17/simplified)

-- Spanish energy company Repsol and Mexican industrial group Grupo Kuo to expand their joint venture Dynasol (notified July 10/deadline Aug. 17/simplified)

-- Investment bank Goldman Sachs and Altor to jointly acquire soy-based protein solutions maker Hamlet Protein (notified July 10/deadline Aug. 17)

AUG 18

-- U.S. staffing company ManpowerGroup Inc to acquire German peer 7S Group (notified July 13/deadline Aug. 18/simplified)

AUG 19

-- French companies Groupe In Vivo and Groupe Scael to set up a joint venture (notified July 14/deadline Aug. 19/simplified)

-- Fuel supplier World Fuel Services Corp to acquire businesses divested by BP Plc (notified July 14/deadline Aug. 19/simplified)

AUG 20

-- Dutch building materials distributor PontMeyer, which is part of Deli Building Supplies B.V., to acquire Dutch holding company DBS (notified July 15/deadline Aug. 20)

AUG 24

-- Volkswagen Financial Services, which is part of German carmaker Volkswagen, and Spanish lender Banco Bilbao Vizcaya Argentaria to set up a joint venture called Volkswagen Credit Compania Financiera (notified July 17/deadliine Aug. 24/simplified)

-- Funds advised by Apax Partners LLP to acquire online retailer RFS (notified July 17/deadline Aug. 24/simplified)

-- Real estate services firm CBRE Group Inc to buy Johnson Controls Inc’s workplace solutions business (notified July 17/deadline Aug. 24/simplified)

-- Magyar Telekom, 59 percent owned by Deutsche Telekom, to form a joint venture with Swiss-based energy sales and trading group MET Holding AG (notified July 17/deadline Aug. 24)

AUG 26

-- Italian confectionery maker Ferrero to purchase British chocolate retailer Thornstons (notified July 22/deadline Aug. 26/simplified)

-- U.S. drugmaker Perrigo to buy portfolio of over-the-counter brands form British peer GlaxoSmithKline (notified July 22/deadline Aug. 26)

-- Varo Energy, a joint venture between the world’s top oil trader Vitol and private equity firm Carlyle Group , is expanding its reach in Europe through a merger with Dutch-based storage and trading company Argos (notified July 22/ deadline Aug. 26)

AUG 27

-- Oilfield services provider Halliburton to buy rival Baker Hughes in a stock and cash transaction (notified July 23/deadline Aug. 27)

AUG 28

-- U.S. real estate services provider DTZ to acquire U.S. peer Cushman & Wakefield (notified July 24/deadline Aug. 28)

SEPT 2

-- Norwegian telecoms company Telenor and Swedish peer TeliaSonera to combine their Danish mobile businesses (notified Feb. 27/deadline extended to Sept. 2 from Aug. 19 after the companies asked for more time)

SEPT 11

-- U.S. conglomerate General Electric to acquire most of French engineering group Alstom’s power equipment business (notified Jan. 19/deadline extended for third time to Sept. 11 from Aug. 21)

NOV 25

-- U.S. drinks can maker Ball Corp to acquire British rival Rexam Plc (notified June 15/deadline extended to Nov. 25 from July 20 after Commission opened in-depth investigation)

SUSPENDED

-- SOCAR, Azerbaijan’s state energy company, to buy stakes in Greek natural gas grid operator DESFA from Greek natural gas utility DEPA (notified Oct. 1/deadline suspended on Jan. 21)

GUIDE TO EU MERGER PROCESS

DEADLINES:

The European Commission has 25 working days after a deal is filed for a first-stage review. It may extend that by 10 working days to 35 working days, to consider either a company’s proposed remedies or an EU member state’s request to handle the case.

Most mergers win approval but occasionally the Commission opens a detailed second-stage investigation for up to 90 additional working days, which it may extend to 105 working days.

SIMPLIFIED:

Under the simplified procedure, the Commission announces the clearance of uncontroversial first-stage mergers without giving any reason for its decision. Cases may be reclassified as non-simplified - that is, ordinary first-stage reviews - until they are approved. (Compiled by Foo Yun Chee)

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