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EU mergers and takeovers (Aug 28)
2017年8月28日 / 下午4点54分 / 24 天前

EU mergers and takeovers (Aug 28)

BRUSSELS, Aug 28 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Brammer France SAS, owned by U.S. private equity firm Advent International, to acquire machine parts supplier Industrial Parts Holding (approved Aug. 25)

NEW LISTINGS

-- Irish agribusiness company ABP Food Group to acquire an additional stake in Linden Foods Limited, active in the slaughtering and processing of beef and ovine animals (notified Aug. 25/deadline Sept. 29)

-- 3M to buy Johnson Controls’ safety gear unit Scott Safety for $2 billion (notified Aug. 25/deadline Sept. 29)

-- Private equity group Triton to take joint control over Dutch mechanical and electrical engineering services provider Unica Groep (notified Aug. 25/deadline Sept. 29/simplified)

-- Swiss asset manager Partners Group to buy UK software firm Civica for 1 billion pounds ($1.29 billion) (notified Aug. 25/deadline Sept. 29/simplified)

EXTENSIONS AND OTHER CHANGES

none

FIRST-STAGE REVIEWS BY DEADLINE

AUG 31

-- French dairy company Groupe Lactalis to acquire German peer Omira (notified July 26/deadline Aug. 31)

SEPT 1

-- Television holding groups ProSiebenSat.1 Media of Germany, France’s TV group TF1 and Mediaset with networks in Italy and Spain to establish a joint venture selling advertising space (notified July 27/deadline Sept. 1/simplified)

SEPT 6

-- Pamplona Capital to acquire biopharmaceutical company Parexel (notified Aug. 1/deadline Sept. 6/simplified)

SEPT 8

-- General Electric Company and global investments provider Macquarie Corporate Holdings to acquire joint control of Markbygden ETT AB, an onshore wind farm project in Sweden (notified Aug. 3/deadline Sept. 8/simplified)

SEPT 11

-- Cinven Capital Management and the Canada Pension Plan Investment Board to acquire joint control of GTA Travel Holding Ltd (notified Aug. 4/deadline Sept. 11)

-- French banking group BNP Paribas Group to acquire sole control of PEH Milan Holdco S.r.l, thus establishing joint control of the latter’s two hotels in Italy with Starwood Hotels & Resorts Worldwide, a subsidiary of Marriott International, which manages the hotels (notified Aug. 4/deadline Sept. 11/simplified)

SEPT 12

-- Telecommunications infrastructure maintenance company CTDI GmbH, jointly controlled by Communication Test Design, Inc. and Deutsche Telekom AG, to acquire EMEA electronics repair business of Regenersis Services Ltd. from CTDI Inc., changing current sole control to joint control via CTDI GmbH (notified Aug. 7/deadline Sept. 12/simplified)

-- Private equity group Bridgepoint and Credit Mutuel Arkea to establish joint control of French asset manager Groupe Primonial (notified Aug. 7/deadline Sept. 12/simplified)

SEPT 14

-- Norwegian-based DNB Bank ASA and Swedish Nordea Bank AB to establish a joint venture concerning their banking activities in Estonia, Latvia and Lithuania(notified Aug. 9/deadline Sept. 14)

SEPT 15

-- Investment firm Centerbridge Partners L.P. and Enel Green Power Hellas S.A. to create a jointly controlled wind farm venture in Greece (notified Aug. 10/deadline Sept. 15/simplified)

SEPT 18

-- Private equity firms CVC and PAI Partners to acquire the rest of Spanish retailer Cortefiel (notified Aug. 11/deadline Sept. 18/simplified)

SEPT 20

-- China Investment Corporation to acquire European warehouse firm Logicor (notified Aug. 16/deadline Sept. 20/simplified)

-- Buyout group KKR to acquire Dutch car park operator Q-Park (notified Aug. 16/deadline Sept. 20/simplified)

SEPT 26

-- Italian eyewear maker Luxottica and French lens manufacturer Essilor to merge in 46 bln-euro deal (notified Aug. 22/deadline Sept. 26)

-- French reinsurance company Scor to acquire MutRe, a French company involved in the reinsurance of companies’ insurance policies (notified Aug. 22/deadline Sept. 26/simplified)

SEPT 27

-- Swedish real estate company Fastighets AB Balder to buy shares in Serena Properties, jointly owned by Finnish pension fund Varma (notified Aug. 23/simplified/deadline Sept. 27)

SEPT 28

-- VCI ventures, a subsidiary of VW credit to acquire joint control of AutoGravity with DA Investments, subsidiary of Daimler (notified Aug. 24/simplified/deadline Sept. 28)

JAN 8

-- German industrial group Bayer to acquire U.S. seeds company Monsanto (notified June 30/deadline extended to Jan. 8 2018 after Commission opened in-depth investigation)

DEADLINE SUSPENDED

-- U.S. smartphone chipmaker Qualcomm to acquire Dutch company NXP Semiconductors NV (notified April 28/deadline suspended on June 28 after the companies failed to provide relevant information)

-- German brake systems maker Knorr-Bremse to acquire Swedish peer Haldex (notified June 1/deadline suspended on Aug. 22)

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. ($1 = 0.7734 pounds) (Reporting by Foo Yun Chee)

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