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EU mergers and takeovers (June 10)

Fri, 10th Jun 2016 11:12

BRUSSELS, June 10 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

None

NEW LISTINGS

-- Spanish online bank Bancopopular-e, which is 49 percentowned by Banco Popular Espanol, to acquire UK lenderBarclays' consumer payments business in Portugal andSpain (notified June 9/deadline July 14/simplified)

-- French conglomerate Bouygues, French airportdeveloper Aeroports de Paris and infrastructure project investorMeridiam to acquire joint control of Ravinala Airports whichwill develop and maintain airports in Madagascar (notified June8/deadline July 13/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

JUNE 14

-- France's Credit Mutuel to acquire GE Capital's factoringand equipment financing businesses in France and Germany(notified on May 4/deadline June 14)

JUNE 15

-- U.S. industrial products maker ITW to acquireGerman car parts maker ZF TRW Automotives Corp's fasteners and car components business EF&C(notified May 10/deadline June 15)

JUNE 16

-- Inter Ikea Systems Holding, which is the holding companyof brand owner Inter IKEA Group, to acquire companies carryingout IKEA range, supply and manufacturing activities from IngkaGroup which is a franchisee to Inter IKEA Group with stores in28 countries (notified May 11/deadline June 16/simplified)

JUNE 20

-- European packaging maker Ardagh to acquiresome facilities from beverage can makers Ball and Rexam (notified May 18/deadline June 20/simplified)

-- Hon Hai Precision, also known as Foxconn,intends to buy a majority of Japanese electronics company Sharp (notified on May 13/deadline June 20)

-- Dublin-based support services group DCC Holding to acquire retail fuel and aviation fuel provider Dansk Fuels(notified on May 13/deadline June 20)

JUNE 22

-- European packaging maker Ardagh to acquiresome assets from beverage can makers Ball and Rexam (notified May 18/deadline June 22/simplified)

-- Nippon Telegraph and Telephone Corp to acquireDell's IT services unit (notified May 18/deadline June22/simplified)

JUNE 23

-- Property developer Segro and Canada's PublicSector Pension Investment Board to jointly acquire Italianlogistics company Torino DCI (notified May 19/deadline June23/simplified)

-- Innovation Network Corp Japan, Japan's Sumitomo ChemicalCo and Sekisui Chemical Co to set up a jointventure (notified May 19/deadline June 23/simplified)

-- French industrial gas supplier Air Liquide andRussian heavy engineering group OMZ to set up a jointventure (notified May 19/deadline June 23/simplified)

JUNE 24

-- Dutch dredging company Boskalis to acquirecontrol of maritime services company VolkerWesselsOffshore fromReggeborgh (notified May 20/deadline June 24/simplified)

JUNE 25

-- Canadian Pension Plan Investment Board and GlobalInfrastructure Management to acquire joint control of thefreight haulage company Pacific Natonal of Australia's Asciano (notified on May 14/deadline June 25/simplified)

JUNE 27

-- Investment bank Goldman Sachs to acquire bakerygroup Continental Bakeries (notified May 23/deadline June27/simplified)

-- Hotel chain Marriott International to acquireStarwood Hotels & Resorts (notified May 23/deadline June27)

-- French company Plastic Omnium to acquire Frenchcar parts maker Faurecia's auto exteriors business(notified May 23/deadline June 27)

-- Dutch staffing agency Randstad to acquireItalian peer Obiettivo Lavoro (notified May 23/deadline June27/simplified)

JUNE 28

-- World Fuel Services Corp to acquire ExxonMobil's fueling business at 83 airports (notified May24/deadline June 28)

JUNE 29

-- Private equity firm Advent International to acquire NewZealand resins and coating company Nuplex Industries (notified May 25/deadline June 29)

JULY 1

-- M&G Alternatives Investment Management, a unit of UKinsurer Prudential plc, and U.S. private equity firmAnchorage Capital Group to jointly acquire UK services providerPHS Group Investments (notified May 27/deadline July1/simplified)

-- Private equity firms the Carlyle Group andCrestview Advisors to jointly acquire U.S. sports andentertainment event production company NEP Group (notified May 27/deadline July 1/simplified)

-- Buyout firms Bain Capital and Vista Equity Partners tojointly acquire U.S. insurance software supplier Vertafore (notified May 27/deadline July 1/simplified)

-- Private equity firm Cinven Capital Management and theCanada Pension Plan Investment Board to jointly acquireaccomodation and travel services company Hotelbeds Group fromGerman travel group TUI AG (notified May 27/deadlineJuly 1/simplified)

JULY 4

-- Private equity firms TPG Capital and Partners Group tojointly acquire shopping centers and retail parks in Italy andSpain from TH Real Estate (notified May 30/deadline July4/simplified)

-- German industrial company Freudenberg to acquire solecontrol of German maker of car vibration control technologyVibracoustic, which it now jointly controls with Swedishindustrial rubber company Trelleborg (notified May30/deadline July 4/simplified)

JULY 6

-- U.S. generic drugmaker Mylan to acquire Swedishpeer Meda (notified June 1/deadline July 6)

-- Private equity firm Silver Lake Group to acquire solecontrol of French IT services provider Cegid (notifiedJune 1/deadline July 6/simplified)

JULY 7

-- German agricultural commodities cooperative Agravis toacquire a minority stake in German palm products and animal feedtrading house H. Boegel from Singapore-listed commodities groupWilmar International (notified June 2/deadline July 7)

-- Spanish bank Banco Santander to acquire some ofPortuguese lende Banif's assets (notified June 2/deadline July7)

JULY 11

-- British insurer Aviva Group and Credit MutuelInsurance Group to acquire joint control of an office buildingin Paris, France (notified June 6/deadline July 11/simplified)

JULY 13

-- German company Boehringer Ingelheim to acquire Frenchpharmaceutical company Sanofi's animal health buisness(notified June 8/deadline July 13)

AUG 10

-- Airbus Safran Launchers, a 50/50 joint venture betweenAirbus and Safran, to acquire sole control ofsatellite group Arianespace (notified on Jan. 8/deadlineextended to Aug. 10 from July 27/concessions offered May 4)

SEPT 8

-- CK Hutchison Holdings Ltd and Vimpelcom to merge their Italian mobile operations (notified Feb.5/deadline extended to Sept. 8 from Aug 18)

SEPT 20

-- U.S. rail equipment maker Wabtec Corp to acquireFrench peer Faiveley Transport SA (notified April4/deadline extended to Sept. 20 from May 12 after the EuropeanCommission opened an in-depth investigation)

SUSPENDED

-- 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 is filed 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 working days.

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)

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