July 27, 2018 / 4:45 PM / 23 days ago

EU mergers and takeovers (July 27)

BRUSSELS, July 27 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- German company Oetker Group to acquire a majority stake in Spanish sparkling wine producer Freixenet (approved July 27)

-- Czech investment group PPF Group to acquire Norwegian telecoms provider Telenor's central European businesses (approved July 27)

-- Algerian state-owned oil and gas company Sonatrach to acquire an Italian refinery from Exxon Mobil (approved July 26)

-- French insurer Axa to acquire German peer Roland (approved July 26)

NEW LISTINGS

-- German food retailers Schwarz Gruppe to acquire waste management companies Karl Toensmeter Entsorgungswirtschaft and Toenmeier Dienstleistung (notified July 26/deadline Aug. 31/simplified)

-- FSN Capital V to acquire Norwegian holding company Saferoad Holding (notified July 25/deadline Aug. 30/simplified)

-- U.S. private equity firms Bain Capital and Vista Equity Partners Management to acquire joint control of the public sector businesses of Aptean Public Sector, Superion and Tritech (notified July 25/deadline Aug. 30/simplified)

-- UK infrastructure support services provider Amey Group to acquire the rest of UK repair and maintenance services company CarillionAmey Ltd from Carillion Holdings Ltd (notified July 25/deadline Aug. 30/simplified)

-- German carmaker Porsche and German industrial company Schuler to set up a joint venture (notified July 25/deadline Aug. 30/simplified)

EXTENSIONS AND OTHER CHANGES

-- French aerospace and defence group Thales to acquire Franco-Dutch chipmaker Gemalto (notified June 18/deadline extended to Jan. 8 from Nov. 29 from July 23 after the companies asked for more time)

-- Deutsche Telekom to acquire Swedish peer Tele2's Dutch unit and merge it with its Dutch business T-Mobile Nederland (notified May 2/deadline suspended on July 24)

FIRST-STAGE REVIEWS BY DEADLINE

JULY 30

-- Irish fresh food producer Total Produce to acquire a 45-percent stake in U.S. peer Dole Food Company (notified June 11/deadline extended to July 30 from July 16 after Total offered concessions)

AUG 1

-- German copper products maker Wieland-Werke to acquire German copper smelter Aurubis' flat rolled products unit Products Schwermetall (notified June 13/deadline extended to Aug. 1 from July 18 after the companies offered concessions)

AUG 2

-- Italian car rental company Eurocar, which is a unit of German carmaker Volkswagen eurocar, to acquire sole control of Italian peer Bonaldi (notified June 28/deadline Aug. 2)

AUG 7

-- U.S. powertrain technology company Tenneco to acquire car parts maker Federal Mogul (notified July 3/deadline Aug. 7)

AUG 8

-- Singapore state-owned property developer GIC Group and real estate developers Frasers Property Ltd JustGroup to set up a joint venture (notified July 4/deadline Aug. 8/simplified)

-- Private equity firm Bain Capital to acquire German tyre company Reifen Krieg Group (notified July 4/deadline Aug. 8/simplified)

AUG 9

-- Private equity firm KKR to acquire British restaurant operator Casual Dining Bidco (notified July 5/deadline Aug. 9/simplified)

-- Holding company Elixia, which is controlled by Nordic private equity firm Altor Fund III, and Tryghedsgruppen, whose members are policyholders of insurer Tryg, to jointly acquire fitness chain Fitness DK Holding (notified July 5/deadline Aug. 9/simplified)

-- French consumer credit provider CA Consumer Finance S.A. and Spanish bank Bankia to set up a joint venture (notified July 5/deadline Aug. 9/simplified)

-- Japan's Sumitomo Corp and Belgian wind farm developer Parkwind to jointly acquire Belgian wind farm operator Northwester2 (notified July 5/deadline Aug. 9/simplified)

AUG 10

-- Chinese domestic appliance maker Hisense to acquire Slovenian peer Gorenje (notified July 6/deadline Aug. 10/simplified)

-- Fertiliser company Uralchem to acquire sole control of Russian potash producer Uralkali (notified July 6/deadline Aug. 10/simplified)

AUG 16

-- U.S. private equity firms Clearlake Capital Group and Vista to acquire joint control of U.S. aerial imagery and software company Eagleview Technology Corp (notified July 11/deadline Aug. 16/simplified)

-- Oxford Jersey Holding Company Limited, Dutch investment fund ABP, real estate investment fund DV4 and Qatari Diar Real Estate Investment Company to acquire joint control of British real estate developer (notified July 11/deadline Aug. 16/simplified)

AUG 17

-- French insurer Axa to acquire XL Group (notified July 12/deadline Aug. 17/simplified)

-- HK conglomerate CK Hutchison to acquire sole control of Italian mobile network Wind Tre from Dutch mobile operator Veon (notified July 12/deadline Aug. 17)

AUG 20

-- U.s. investment company Cerberus Group to acquire French ground handling services operator WES Global Holding (notified July 13/deadline Aug. 20/simplified)

AUG 21

-- Norway's DNB Bank and Norwegian consumer goods company Orkla to set up a joint venture (notified July 16/deadline Aug. 21/simplified)

-- Private equity firm KKR to acquire German IT services provider Sellbytel Group (notified July 16/deadline Aug. 21/simplified)

AUG 22

-- Private equity firm HgCapital to acquire software company Allocate from private equity firm Vista Equity Partners (notified July 17/deadline Aug. 22)

AUG 23

-- Private equity firms S.L.04 and Ambienta SFT to acquire joint control of cosmetic packager Pibiplast S.p.A. (notified July 18/deadline Aug. 23/simplified)

AUG 24

-- German industrial gases group Linde to merge with U.S. peer Praxair (notified Jan. 12/ deadline extended to Aug. 24)

AUG 27

-- U.S. consumer products maker Procter & Gamble to acquire German peer Merck KGaA's consumer health business (notified July 20/deadline Aug. 27)

-- U.S. cargo shipping company Maritime Holdings and German peer Zeaborn to set up a joint venture (notified July 20/deadline Aug. 27/simplified)

-- Private equity firm Blackstone to acquire French storage maker Averys (notified July 20/deadline Aug. 27/simplified)

AUG 28

-- French company Europe Intermodal Holding, which is a unit of French group SNCF Mobilites, and Spanish holding company Krone-Mur Servifrio to acquire joint control of Spanish freight transport company Krone-Mur Primavia (notified July 23/deadline Aug. 28/simplified)

SEPT 4

-- iPhone maker Apple to acquire UK music streaming service Shazam (notified March 14/deadline extended to Sept. 4 from April 23 after the European Commission opened an in-depth investigation)

OCT 31

-- German company BASF to acquire Belgian chemicals company Solvay's worldwide polyamide business (notified May 22/deadline extended to Oct. 31 from June 26 after the European Commission opened an in-depth investigation)

NOV 29

-- Copper company KME, which is part of Intek Group , to acquire German peer MKM Mansfelder Kupfer and Messing GmbH (notified June 4/deadline extended to Nov. 29 from July 23 after the European Commission opened an in-depth investigation)

DEC 19

-- Siemens and Alstom to merge their railway operations (notified June 8/deadline extended to Dec. 19 from Nov. 21 after the companies asked for more time)

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. (Reporting by Foo Yun Chee)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below