Less Ads, More Data, More Tools Register for FREE

Pin to quick picksADN.L Share News (ADN)

  • There is currently no data for ADN

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU mergers and takeovers (Sept 22)

Thu, 22nd Sep 2016 11:10

BRUSSELS, Sept 22 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

-- Czech investor EPH and private equity group PPFInvestments to buy from Sweden's state-owned utility Vattenfall lignite mines and power plants in Germany - VattenfallMining and Vattenfall Generation (approved Sept. 22)

NEW LISTINGS

-- German insurer Talanx and UK investment groupAberdeen Asset Management to jointly acquire Portuguesedeveloper Escala Vila Franca and Portuguese parking operator PNHParque (notified Sept. 21/deadline Oct. 26/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

SEPT 23

-- Triton Group to acquire sole control over Stromboli,holding entity of Flakt Woods (notified Aug. 19/deadline Sept.23)

-- FIH Mobile to buy from Microsoft Mobile Vietnam and otherassets from Microsoft Mobile (notified Aug. 19/deadlineSept. 23)

SEPT 28

-- Deutsche Boerse and the London Stock Exchange plan to merge (notified Aug. 24/deadline Sept. 28)

OCT 4

-- Private equity firm PAI Partners to acquire Dutch holidaypark operator RP Group (notified Aug. 30/deadline Oct.4/simplified)

OCT 5

-- Japanese carmaker Nissan Motor Co Ltd to acquireJapanese peer Mitsubishi Motors Corp (notified Aug.31/deadline Oct. 5)

OCT 6

-- U.S. electric component distributor Avnet toacquire British Raspberry Pi mini-computer maker Premier Farnell (notified Sept. 1/deadline Oct. 6)

OCT 7

-- Meat processing company ABP Food Group to acquire a 50percent stake in Irish beef producer Slaney Food (notified Sept.2/deadline Oct. 7)

-- Swedish telecoms operator Tele2 to acquire Danish peerTDC's Swedish subsidiary TDC Sverige AB (notified Sept.2/deadline Oct. 7)

OCT 10

-- German cement producers Heidelbergcement andSchwenk to jointly acquire Mexican peer Cemex's Croatian unit (notified Sept. 5/deadline Oct. 10)

OCT 12

-- U.S. laser tools and systems maker Coherent toacquire laser developer and manufacturer Rofin-SinarTechnologies (notified Sept. 7/deadline Oct. 12)

-- China National Chemical Corp (ChemChina) toacquire crop protection maker Adama Agricultural Solutions from Israel's Discount Investment Corp (notified Sept.Sept. 7/deadline Oct. 12/simplified)

-- UK property developer Segro and Canada's PublicSector Pension Investment Board to jointly acquire a Polishlogistics unit (notified Sept. 7/deadline Oct. 12/simplified)

-- French jewellery retailer Thom S.A.S., which is owned byprivate equity firm Bridgepoint Group Ltd, to acquire Italianpeer Stroili Oro S.p.A. (notified Sept. 7/deadline Oct.12/simplified)

OCT 13

-- Private equity firm BC Partners to acquireplastic products maker Keter and holding company Jardin(notified Sept. 8/deadline Oct. 13/simplified)

-- Singaporean palm oil processor Wilmar toacquire commodity trader Bunge Ltd's stake in aVietnamese oilseed crushing business (notified Sept. 8/deadlineOct. 13/simplified)

OCT 14

-- Private equity firm Clayton Dubilier & Rice and Austrianholding company WM Holding to jointly acquire French furnitureretailer Deconneubles Partners SAS (BUT)(notified Sept.9/deadline Oct. 14/simplified)

-- Chinese household appliances company Midea Group to acquire German industrial robot maker Kuka (notified Sept. 9/deadline Oct. 14/simplified)

-- Private equity firm Clayton Dubilier & Rice and Austrianholding company WM Holding to jointly acquire French furnitureretailer Decomeubles Partners SAS (notified Sept. 9/deadlineOct. 14/simplified)

-- French minerals company Imerys to acquirealumina producer Alteo ARC and Alufin GmbH Tabularoxid fromAlteo Holding SAS(notified Sept. 9/deadline Oct. 14)

-- Indonesian waste management company GLM, Singaporeanindustrial company Multico, Japanese chemical producer TorayGroup and Japense trading company Toyota Tsusho Corp to set up ajoint venture (notified Sept. 9/deadline Oct. 14/simplified)

OCT 17

-- Belgian wind energy producer Eneco Wind Belgium NV andBelgian peer Elicio NV to set up a joint venture (notified Sept.12/deadline Oct. 17/simplified)

OCT 18

-- Australian logistics company Brambles and FirstReserve Management L.P. to set up a joint venture (notifiedSept. 13/deadline Oct. 18/simplified)

-- Beijing Jianguang Asset Management Co Ltd to acquirechipmaker NXP Semiconductors' standard prodcutsbusiness unit Nexperia (notified Sept. 13/deadline Oct.18/simplified)

OCT 20

-- U.S. pulp and paper company International Paper Co to acquire Weyerhaeuser's pulp business (notified Sept.15/deadline Oct. 20)

-- Private equity firms Blackstone and New MountainCapital to jointly acquire software provider Ida Software(notified Sept. 15/deadline Oct. 20/simplified)

-- Private equity firms Advent International and Thomas H.Lee Partners to jointly acquire pharmaceutical services providerInVentiv (notified Sept. 15/deadline Oct. 20/simplified)

OCT 21

-- Aeroporti di Roma subsidiary Atlantia and French energycompany EDF to jointly acquire airport operator SocieteAeroports de la Cote d'Azur (ACA) (notified Sept. 16/deadlineOct. 21/simplified)

-- Private equity firm Cinven to acquire Italianinsurer Old Mutual Wealth Italy (notified Sept. 16/deadline Oct.21/simplified)

-- German tourism company TUI AG to acquire Frenchpeer Transat France's French and Greek tour operatingunits (notified Sept. 16/deadline Oct. 21)

OCT 24

-- German drugmaker Boehringer Ingelheim to acquire Frenchpeer Sanofi's animal health business (notified Sept.19/deadline Oct. 24)

-- U.S. rail equipment maker Wabtec Corp to acquireFrench peer Faiveley Transport SA (notified April4/deadline Oct. 24/commitments offered July 25)

SUSPENDED

-- U.S. chemicals company Dow Chemical to merge withDuPont (notified June 22/deadline suspended aftercompanies failed to provide key information)

-- SOCAR, Azerbaijan's state energy company, to buy stakesin Greek natural gas grid operator DESFA from Greek natural gasutility 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 isfiled for a first-stage review. It may extend that by 10 workingdays to 35 working days, to consider either a company's proposedremedies or an EU member state's request to handle the case.

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

SIMPLIFIED:

Under the simplified procedure, the Commission announces theclearance of uncontroversial first-stage mergers without givingany reason for its decision. Cases may be reclassified asnon-simplified - that is, ordinary first-stage reviews - untilthey are approved. (Compiled by Foo Yun Chee)

More News
9 Feb 2017 19:26

U.S. investors more willing to place wagers on uncertain Europe

By Trevor Hunnicutt NEW YORK, Feb 9 (Reuters) - A spate of elections this year that threaten to change Europe's course and rattle the continent's largest political bloc and currency is normally the sort of uncertainty that scares away international investors. Instead, deep-pocketed in

Read more
9 Feb 2017 14:31

South Africa's Group Five to increase stake in Hungarian road concession firm

JOHANNESBURG, Feb 9 (Reuters) - South African construction firm Group Five will buy a further 10 percent stake in Hungarian road concession company Mecsek for 125.16 million rand ($9 million), it said on Thursday, seeking to source and participate in further global concessions. Group Five w

Read more
8 Feb 2017 11:50

Wednesday broker round-up

(ShareCast News) - RBS: Deutsche Bank upgrades to hold with a target price of 220p. DCC: JP Morgan reiterates overweight, 8160p target. Rolls Royce: JP Morgan reiterates neutral with a 740p target. Ascential: Deutsche Bank stays at buy with a 300p target. Aberdeen Asset Management: RBC upgrades t

Read more
8 Feb 2017 09:26

Aberdeen Asset Management boosted by RBC Capital upgrade

(ShareCast News) - RBC Capital Markets has upgraded Aberdeen Asset Management to 'sector perform' from 'underperform' but trimmed the target price to 285p from 290p. The bank said the risk in the near term is to the upside based upon an oversold share price, a reasonable valuation, a high dividend y

Read more
2 Feb 2017 17:08

Britain's FTSE sees M&A, commodities-related boost

* FTSE 100 up 0.5 pct at close * Reckitt Benckiser takeover news buoys stock * Aberdeen fund manager sinks on further outflows (Recasts, adds detail, updates prices at close) By Kit Rees and Helen Reid LONDON, Feb 2 (Reuters) - Britain's blue-chip FTSE 100 index rose on

Read more
2 Feb 2017 16:07

UK Dividends Calendar - Next 7 Days

Read more
2 Feb 2017 14:31

FTSE 250 movers: Gold miners shine; Wizz Air flies lower

(ShareCast News) - The FTSE 250 index rose 0.13% to 18,264.17 in the late afternoon. Financial services firm JRP Group was in the green as it reported that its margin for 2016 will exceed 6%, up from 3.6% on a pro-forma basis from the previous year, due to pricing and risk selection, as well as on m

Read more
2 Feb 2017 10:20

Britain's FTSE flat as sterling strength outweighs M&A and strong miners

(ADVISORY - Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 down 0.1 percent * Reckitt Benckiser takeover news buoys stock * Aberdeen fund manager sinks on further outflows <

Read more
2 Feb 2017 09:56

European shares down on poor earnings, Deutsche Bank suffers

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) * STOXX 600 index falls 0.2 percent * Deutsche Bank and Kesko among top fallers * Nokian features among biggest gainers By

Read more
2 Feb 2017 08:57

BUZZ-Aberdeen: Hits 7-mth low after hit by fresh outflows

** Aberdeen Asset Management's falls 4 pct, by far and away worst performer on Stoxx 600 financial services subsector ** Q1 net outflows £10.5 bln, total assets under management fall to £302.7 bln ** Further £2.4 bln scheduled to be withdrawn from lower-margin portfolios this quart

Read more
2 Feb 2017 08:32

UPDATE 2-Aberdeen hit by Q1 quarterly outflows, says more to come

* Assets fall to 302.7 bln stg; outflows 10.5 bln stg * Sees outflows of 2.4 bln stg in the current quarter * Shares down 4.5 pct, among top fallers in midcap index (Adds detail from statement, CEO quote, analyst quote, share price) By Simon Jessop LONDON, Feb 2 (Reuters

Read more
2 Feb 2017 08:21

Aberdeen endures first-quarter outflows as Trump spooks EM investors

(ShareCast News) - Donald Trump's election win derailed a solid start to Aberdeen Asset Management's financial year, leading to £10.5bn of outflows from its emerging markets-focused funds as investors moved into less volatile assets. Offset somewhat by £3.3bn improvement in market performance and

Read more
26 Jan 2017 12:57

Aberdeen says backs Imperial Brands decision to ditch pay policy plan

LONDON, Jan 26 (Reuters) - British fund firm Aberdeen Asset Management said on Thursday it welcomed a decision by Imperial Brands to ditch a proposal to change pay plans for its directors at the firm's impending annual meeting. Imperial's announcement earlier on Thursday that it would not p

Read more
12 Jan 2017 09:03

BUZZ-Jupiter: worst day since Brexit vote after Q4 outflows

** Jupiter Fund Management falls 5 pct after reporting Q4 outflows of £373 mln ** Outflows primarily from European and multi-manager funds ** Liberum says results "disappointing" - AUM of £40.5 bln 2 pct below its forecast of £41.5 bln ** Top faller on Stoxx 600 and among mos

Read more
23 Dec 2016 08:59

Equity, Macro hedge funds look to bounce back from a tough year

* Developed market equity, macroeconomic trend funds lag * Commodity, emerging markets, U.S. stocks lead the gainers * Trump, central bank policy to create opportunities in 2017 By Simon Jessop, Maiya Keidan and Lawrence Delevingne LONDON/NEW YORK, Dec 23 (Reuters) - For s

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.