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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
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EU mergers and takeovers (March 11)

Wed, 11th Mar 2015 16:15

BRUSSELS, March 11 (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 oil company Repsol to acquire Canadianoil and gas producer Talisman Energy Inc. (notifiedMarch 10/deadline April 17/simplified)

-- Private equity firm Riverstone and British bankBarclays to jointly acquire oil producer Origo(notified March 6/deadline April 15/simplified)

EXTENSIONS AND OTHER CHANGES

-- Telecoms group Altice to acquire Brazilian peerGrupo Oi's Portuguese assets (notified Feb.25/deadline April 20/concessions offered April 20/Portuguesecompetition authority asked to review the case on March 5)

FIRST-STAGE REVIEWS BY DEADLINE

MARCH 12

-- German car parts maker ZF Friedrichshafen to buyU.S. peer TRW Automotive Holdings Corp (notified Jan.22/deadline extended to March 12 from Feb. 26 after ZF submittedconcessions)

MARCH 13

-- British insurer Aviva to acquire rival FriendsLife (notified Feb. 6/deadline March 13)

-- U.S. medical equipment supplier Becton Dickinson & Co to purchase U.S. maker of infusion pumps and othermedical devices CareFusion Corp (notified Feb.6/deadline March 13)

MARCH 16

-- Irish building products group Kingspan to acquireBelgian holding company Steel Partners NV, which owns Belgianinsulated panels maker Joris Ide Group (notified Feb. 9/deadlineMarch 16)

-- Irish drugmaker Actavis to acquire botox makerAllergan (notified Feb. 9/deadline March 16)

MARCH 17

-- Japanese electronics maker Panasonic Corp andholding company Ficosa Inversion, which currently has solecontrol of Ficosa International, to acquire joint control ofSpanish car parts maker Ficosa International (notified Feb. 10/deadline March 17/simplified)

MARCH 18

-- Abellio, the international unit of Dutch state-owned railcompany NS, to take control of the ScotRail rail services inScotland (notified Feb. 11/deadline March 18)

-- British support services group DCC to buy Esso's French motorway retail network (notified Feb.2/deadline March 18/simplified)

MARCH 20

-- Luxembourg-based steel producer ArcelorMittal and Italian peer Coils Lamiere Nastri SpA to form a jointventure (notified Feb. 13/deadline March 20)

MARCH 23

-- French investment company Wendel S.A. to aquire Austrian packager Constantia Flexibles (notified Feb.16/deadline March 23/simplified)

MARCH 24

-- The Carlyle Group and Chinese state-ownedfinancial group Citic to jointly acquire AsiaSat(notified Feb. 17/deadline March 24/simplified)

MARCH 25

-- IFM Global Infrastructure Fund and Mexican builder OHLMexico S.A.B. de C.V. to jointly control Mexicantoll road operator Concesionaria Mexiquense (ConMex) (notifiedFeb. 18/deadline March 25/simplified)

MARCH 30

-- China Shipbuilding Power Engineering Institute, which ispart of Chinese group China State Shipbuilding Corporation, andFinnish ship engine and power plant maker Wartsila toset up a joint venture (notified Feb. 23/deadline March30/simplified)

MARCH 31

-- German publishers Holtzbrinck Publishing Group andSpringer Science+Business Media, which is owned by privateequity investor BC Partners, to set up a joint venture (notifiedFEb. 24/deadline March 31)

APRIL 7

-- Investment fund Apax Partners to acquire chemicalsdistributor Azelis (notified Feb. 26/deadline April7/simplified)

-- Private equity firms the Blackstone Group and TPGGlobal to jointly acquire British financial services providersAcenden Ltd and AMS Decisions Advisers (notified Feb.26/deadline April 7/simplified)

-- South African furniture retailer Steinhoff toacquire local apparel firm Pepkor (notified Feb. 26/deadlineApril 7/simplified)

-- German insurer Talanx and PortugueseMota-Engil to jointly acquire Portuguese companyIndaqua Industry and Water Management SA (notified Feb.26/deadline April 7/simplified)

APRIL 8

-- Norwegian telecoms company Telenor and Swedishpeer TeliaSonera to combine their Danish mobilebusinesses (notified Feb. 27/deadline April 8)

APRIL 9

-- Private equity firm PAI to acquire Dutch clothing andfootwear retailer Lion Adventure (notified March 2/deadlineApril 9/simplified)

-- U.S. flooring products maker Mohawk Industries Inc to acquire Luxembourg-based International FlooringSystems (notified March 2/deadline April 9)

APIRL 10

-- Chinese state-owned steelmaker Hebei Iron & Steel Groupto acquire a controlling stake in Swiss steel product traderfrom DPH Duferco International Trading Holding (notified March3/deadline April 10/simplified)

-- U.S. card payment services provider American Express and Swiss bank Credit Suisse to restructuretheir Swiss and Liechtenstein joint venture (notified March3/deadline April 10/simplified)

APRIL 14

-- German insurer Allianz, Canadian investmentfund manager Alberta Investment Management Corp and UtilitiesTrust of Australia to acquire joint control of railway rollingstock producer Porterbrook (notified March 5/deadline April14/simplified)

APRIL 15

-- AR Packaging Group to buy U.S. packaging companyMeadWestvaco Corp's European tobacco and generalpackaging folding carton operations (notified March 6/deadlineApril 15/simplified)

APRIL 16

-- Hong Kong's Cheung Kong Infrastructure Holdings Ltd to purchase British rail rolling stock companyEversholt Rail (notified March 9/deadline April 16/simplified)

-- German refiner Varo Energy Holding GmbH to acquire Germanoil products distributor Gekol (notified March 9/deadline April16/simplified)

APRIL 30

-- French telecoms operator Orange to acquireSpanish provider Jazztel (notified Oct. 16/deadlineextended to April 30 from April 24 after the Commission resumedits scrutiny after a four-day halt/Orange offered commitments onMarch 6)

MAY 26

-- U.S. orthopaedic products maker Zimmer Holdings to acquire rival Biomet Inc (notified Aug.29/deadline May 26 after the companies revised theirconcessions)

JUNE 1

-- Mondelez International Inc and competitor D.EMaster Blenders to merge their coffee businesses innew company called Jacobs Douwe Egberts (notified Oct.27/deadline extended for the fourth time to June 1 from May 13)

JUNE 26

-- PRS for Music Ltd (PRSfM), Foreningen Svenska TonsattaresInternationella Mysikbyra (Stim) and Gesellschaft fürmusikalische Aufführungs- und mechanischeVervielfältigungsrechte (Gema) to set up a joint venture toadminister mechanical and performing rights (notified Nov.28/deadline extended for the third time to June 26 from May 29)

JULY 8

-- U.S. conglomerate General Electric to acquire mostof French engineering group Alstom's power equipmentbusiness (notified Jan. 19/deadline extended to July 8 from Feb.23 after the European Commission opened an in-depthinvestigation)

-- Commodities trader Cargill to buy rival ArcherDaniels Midland Co's global chocolate business (notifiedJan. 19/deadline extended to July 8 from Feb. 23 after theEuropean Commission opened an in-depth investigation)

JULY 14

-- German conglomerate Siemens to purchase U.S.oilfield equipment maker Dresser-Rand Group Inc (notified Jan. 9/deadline extended for the second time to July14 from June 30)

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 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 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 Philip Blenkinsop)

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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