February 5, 2018 / 4:27 PM / 10 months ago

EU mergers and takeovers (Feb 5)

BRUSSELS, Feb 5 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:


-- Private equity firm Waterland to acquire Dutch energy provider De Nederlandse Energie Maatschappij (approved Feb. 2)


-- Chemicals company Quaker Chemical Corp and Hinduja Group's Houghton Internatioal to merge (notified Feb. 2/deadline March 9)

-- Singapore Airlines and Canadian training centre operator CAE International Holdings Ltd to set up a joint venture (notified Feb. 2/deadline March 9/simplified)

-- British broadcaster Channel 4 to acquire joint control of European Broadcaster Exchange, which is jointly owned by Germany's ProSiebenSat.1 Media SE, Television Francaise, Mediaset S.p.A and Spanish TV networks (notified Feb. 2/deadline March 9/simplified)

-- Michelin North America and Sumitomo Corp of America to start a joint venture (notified Feb. 1/deadline March 8/simplified)


-- German industrial group Bayer to acquire U.S. seeds company Monsanto (notified June 30/deadline extended to April 5 from March 12 after Bayer offered concessions)



-- Italian EDF unit Edison to buy Gas Natural's unit Gas Natural Vendita Italia (notified Nov. 22/deadline Feb. 6/simplified)

-- German engineering group Hochtief to take sole control of Spanish peer Abertis (notified Dec 22/deadline Feb 6.)

-- U.S. television network Discovery Communications to acquire U.S. peer Scripps Networks Interactive Inc (notified Dec. 8/ deadline extended to Feb. 6 after Discovery offered concessions)

FEB 12

-- Swiss logistics group Kuehne + Nagel to acquire sole control of the drinks distribution joint venture Kuehne + Nagel Drinkflow Logistics Holdings Limited (notified Jan. 8/deadline Feb. 12/simplified)

-- Ireland's Toohil Telecom to acquire Eircom Holdco SA from a group of investors. (notified Jan. 8/deadline Feb. 12/simplified)

FEB 13

-- Private equity fund Nordic Capital VIII Limited to buy Alloheim Senioren-Residenzen Holding SE (notified Jan. 9/ deadline Feb. 13/ simplified)

FEB 14

-- Car rental company Avis Budget Group and Turkey's Koc Holding to acquire Avis' Greek franchisee (notified Jan. 10/deadline Feb. 14/simplified)

-- Units of Ivanhoe Cambridge and QuadReal Property to set up joint venture to invest in Indian real estate projects, particularly logistics parks (notified Jan. 10/ deadline Feb. 14/ simplified)

FEB 16

-- German industrial gases group Linde to merge with U.S. peer Praxair (notified Jan. 12/ deadline Feb. 16)

-- Shipping terminal investment holding PSA International to transfer sole control over PSA Panama International Terminal to joint control by PSA International and Terminal Investment Limited (notified Jan. 12/ deadline Feb. 16/ simplified)

FEB 20

-- Swiss Bell Food, part of Coop-Group, to buy all of Stoffel Holding AG and indirectly obtaint 50.22 pct of the capital and 65.01 pct of the voting right of food producer Huegli Holding (notified Jan. 16/ deadline Feb. 20/ simplified)

-- Macquarie Super Core Infrastructure Fund and Allianz Infrastructure Luxembourg to jointly acquire Lakeside Network Investments, an investor in Finnish electricity and district heating networks (notified Jan. 16/ deadline Feb. 20/ simplified)

-- Goldman Sachs and Riverstone Investment Group to jointly acquire Lucid Energy Group II, a provider of natural gas processing and gathering in the United States (notified Jan. 16/ deadline Feb. 20/ simplified)

FEB 21

-- U.S. car parts supplier Key Safety Systems, which is a unit of China's Ningbo Joyson Electronic Corp, to acquire Japanese car parts maker Takata Corp (notified Jan. 17/deadline Feb. 21)

FEB 22

-- Czech energy utility EPH to acquire a stake in power plant Matrai Eromu (notified Jan. 18/deadline Feb. 22/simplified)

-- Aerospace and defence group Northrop Grumman to buy launch vehicle maker Orbital ATK (notified Jan. 18/ deadline Feb. 22/ simplified)

-- Spanish insurer Mapfre to promote renewal of guarantee insurance policies in Spain through a joint venture with France's Euler Hermes (notified Jan. 18/ deadline Feb. 22/ simplified)

FEB 23

-- Votorantim Geracao de Energia, which is a unit of Votorantimand Canada Pension Plan Investment Board, to acquire several windfarm companies (notified Jan. 19/deadline Feb. 23/simplified)

FEB 26

-- Baking products maker the Oetker-Gruppe to acquire Belgian bakery goods supplier Diversi Foods (notified Jan. 22/deadline Feb. 26/simplified)

-- Anglo-Dutch oil group Royal Dutch Shell plc to acquire retail energy supplier Impello Limited (notified Jan. 22/deadline Feb. 26/simplified)

FEB 27

-- Private equity firm PAI and Canadian institutional investor British Columbia Investment Management Corp to jointly acquire fruit juice maker Refresco (notified Jan. 23/deadline Feb. 27/simplified)

FEB 28

-- Spanish energy company Repsol and South Korean carmaker KIA Motors to set up a car-sharing joint venture (notified Jan. 24/deadline Feb. 28/simplified)

-- Chinese car parts maker Hasco and Canadian peer Magna to set up a joint venture (notified Jan. 24/deadline Feb. 28/simplified)

-- Private equity firm Bain Capital to acquire Italian paper company Fedrigoni (notified Jan. 24/deadline Feb. 28/simplified)


-- Private equity firm TA Associates to aquire a minority stake in software company Flexera Holdings (notified Jan. 26/deadline March 2/simplified)

-- Insurer ReAssure, which is part of Swiss Re, to acquire UK insurer Legal & General Group's Actaeon insurance business (notified Jan. 26/deadline March 2/simplified)


-- French private equity firm Pai Partners to acquire French packaging group Albea (notified Jan. 29/deadline March 5/simplified)


-- Australian chemicals maker Nufarm to acquire European crop protection product portfolio from Adama Agricultural Solutions Ltd and Syngenta (notified Jan. 30/deadline March 6)


-- Italian eyewear maker Luxottica and French lens manufacturer Essilor to merge (notified Aug. 22/deadline extended to March 22 from March 8)


-- U.S. specialty material company Celanese and private equity firm Blackstone to combine their cellulose acetate tow units under a new joint venture (notified Sept. 9/deadline extended to March 26 from March 19)


-- Luxembourg-based steelmaker ArcelorMittal to acquire Italian steel plant (notified Sept. 21/deadline extended to April 4 from March 23 after the companies asked for more time)

MAY 30

-- South African chemicals company Tronox to acquire the titanium dioxide business of Cristal, a subsidiary of Saudi Arabia's Tasnee (notified Nov. 15/deadline extended to May 30 from mAY 15)


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.


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)

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