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EU mergers and takeovers (Dec 2)

Tue, 02nd Dec 2014 14:34

BRUSSELS, Dec 2 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

None

NEW LISTINGS

None

EXTENSIONS AND OTHER CHANGES

-- Mondelez International Inc and competitor D.EMaster Blenders to merge their coffee businesses innew company called Jacobs Douwe Egberts (notified Oct.27/deadline extended to Dec. 15 from Dec. 1 after the companiesoffered conmmitments)

-- Oil major BP to acquire jet fuel business StatoilFuel and Retail Aviation (notified Oct. 27/deadline extended toDec. 15 from Dec. 1 after the companies offered commitments)

FIRST-STAGE REVIEWS BY DEADLINE

DEC 4

-- French telecoms operator Orange to acquireSpanish provider Jazztel (notified Oct. 16/deadlineextended to Dec. 4 from Nov. 20 after the Spanish competitionauthority asked to review the case/commitments submitted on Nov.13)

DEC 5

-- Malaysian palm oil producer Sime Darby Bhd toacquire New Britain Palm Oil Ltd (notified Oct.31/deadline Dec. 5/simplified

DEC 9

-- U.S. healthcare information company IMS Health toacquire certain businesses from French healthcare softwareprovider Cegedim (notified Nov. 4/deadline Dec. 9)

DEC 10

-- Santander Consumer Finance, part of Spanish bankSantander, and French car maker Peugeot S.A. (PSA) toset up a series of joint finance companies (notified Nov.5/deadline Dec. 10)

DEC 11

-- Mining groups Anglo American and BHP Billiton to acquire joint control of manganese minerSamancor which is now solely controlled by BHP Billiton(notified Nov. 6/deadline Dec. 11/simplified)

-- Oil giant Saudi Aramco to buy a minority stake in SouthKorean refiner S-Oil Corp from Hanjin Group (notified Nov. 6/deadline Dec. 11/simplified)

DEC 12

-- U.S. investment management firm Varder Partners toacquire 51 percent of Spanish bank Popular's creditcard business (notified Nov. 14/deadline Dec. 12/simplified)

-- Privately-held Czech airline Travel Service to take a 34percent stake in national carrier Czech Airlines (notified Nov.14/deadline Dec. 12

DEC 15

-- Oil major BP to acquire jet fuel business StatoilFuel and Retail Aviation (notified Oct. 27/deadline extended toDec. 15 from Dec. 1 after the companies offered concessions)

-- Mondelez International Inc and competitor D.EMaster Blenders to merge their coffee businesses innew company called Jacobs Douwe Egberts (notified Oct.27/deadline extended to Dec. 15 from Dec. 1 after the companiesoffered concessions)

-- Aerospace group Airbus and Singapore Airlines to jointly acquire Airbus Asia Training Centre(notified Nov. 10/deadline Dec. 15/simplified)

-- France's Lafarge and Swiss peer Holcim to merge (notified with commitments on Oct.27/deadline Dec. 15)

DEC 16

-- Private equity firms Blackstone and TPG to jointlyacquire British mortgage lender Kensington Group plc (notifiedNov. 11/deadline Dec. 16/simplified)

DEC 17

-- Private equity firm 3i to acquire Diamond Holding GmbHfrom German jewellery retailer Group Christ Juweliere undUnrmacher Seit (notified Nov. 12/deadline Dec. 17/simplified)

DEC 18

-- ReAssure to acquire HSBC's pensionsmanufacturing business (notified Nov. 13/deadline Dec.18/simplified)

DEC 19

-- Private equity firm CCMP Capital to acquire joint controlof chemicals producer PQ Holdings Inc which is now jointlycontrolled by INEOS and private equity group The Carlyle GroupLP (notified Nov. 14/deadline Dec. 19/simplified)

-- Czech state-owned holding company Cesky Aeroholding andprivately-owned low-cost Czech carrier Travel Service to jointlyacquire Czech Airlines (notified Nov. 14/deadline Dec. 19)

-- Private equity firm EQT to acquire German engineeringgroups Siemens's hearing-aids business (notified Nov.14/deadline Dec. 19/simplified)

-- CCMP Capital to acquire 47 percent stake in PQ Corp fromCarlyle Group (notified Nov. 14/deadline Dec.19/simplified)

-- Yanfeng Automotive Trim Systems, a subsidiary of China'sbiggest automaker SAIC Motor Corp., to acquire Johnson Control's auto interiors business (notified Nov. 14/deadline Dec.19/simplified)

DEC 23

-- U.S. company IBM to take over German airlineLufthansa's information technology infrastructureservices division and staff for 1 billion euros (notified Nov.18/deadline Dec. 23)

JAN 5

-- Norwegian telecoms firm Telenor to form a jointventure with media company Schibsted, South Africa'sNaspers and Singapore Press Holdings (notified Nov. 19/deadline Jan. 5/simplified)

JAN 6

-- French holding company Eurazeo and GroupeCredit Agricole to jointly acquire two buildingcomplexes SCI Lafayette and SCI Stratege (notified Nov.20/deadline Jan. 6/simplified)

-- Hong Kong conglomerate Cheung Kong to formjoint venture with Mitsubishi Corp's leasing arm MCAviation Partners (notified Nov. 20/deadline Jan. 6/simplified)

JAN 7

-- Brazilian juice maker Grupo Cutrale and investment firmSafra Group to jointly acquire U.S. banana producer Chiquita (notified Nov. 21/deadline Jan. 7/simplified)

JAN 8

-- Dutch investment firm SHV to acquire Dutch animal feedand nutrition company Nutreco (notified Nov.24/deadline Jan. 8/simplified)

-- Norwegian media group Schibsted and Norwegiantelecoms operator Telenor to set up a jointventure(notified Nov. 25/deadline Jan. 8/simplified)

-- Investment firm Apollo Management to acquire Italianinsurer Carige (notified Nov. 24/deadline Jan. 8/simplified)

JAN 13

-- Wood products retailer Oji Holdings andpetroleum products retailer Itochu Enex Co. Ltd to setup two joint ventures in Japan (notified Nov. 27/deadline Jan.13/simplified)

JAN 14

-- Swiss drugmaker Novartis to acquire Britishpeer GlaxoSmithKline's oncology products (notified Nov.28/deadline Jan. 14)

-- British drugmaker GlaxoSmithKline to acquireNovartis' vaccines business, excluding Flu, and thesettting up of a consumer healthcare joint venture (notifiedNov. 28/deadline Jan. 14)

-- Generic drugmaker Mylan Inc to purchase AbbotLaboratories' specialty and branded generics business outsidethe United States (notified Nov. 28/deadline Jan. 14)

-- 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 Jan. 14)

-- Czech energy group Energeticky a Prumyslovy Holding (EPH)to acquire the Eggborough British coal-fired power plant fromEggborough Power Ltd (notified Nov. 28/deadline Jan.14/simplified)

-- Private equity firm CVC Capital Partners toacquire Dutch cable and wires producer Betafence Holding NV(notified Nov. 28/deadline Jan. 14/simplified)

FEB 5

-- Belgian telecoms group Telenet to acquire 50percent stake in Belgian broadcasting company De Vijver Media(notified Aug. 18/deadline extended for the second time to March5 from Feb. 5)

MARCH 5

-- Belgian telecoms group Telenet, which is asubsidiary of U.S. cable group Liberty Global, toacquire 50 percent stake in Belgian broadcasting company DeVijver Media (notified Aug. 18/deadline extended for the secondtime to March 5 from Feb. 5/companies submitted concessions onNov. 24)

MARCH 18

-- U.S. orthopaedic products maker Zimmer Holdings to acquire rival Biomet Inc (notified Aug.29/deadline extended for the third time to March 18 from March11)

APRIL 22

-- SOCAR, Azerbaijan's state energy company, to buy stakesin Greek natural gas grid operator DESFA from Greek natural gasutility DEPA (notified Oct. 1/deadline extended for the secondtime to April 22 from March 23)

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. (Editing by Foo Yun Chee)

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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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