Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 482.30
Bid: 482.25
Ask: 482.35
Change: -0.25 (-0.05%)
Spread: 0.10 (0.021%)
Open: 479.30
High: 483.00
Low: 477.30
Prev. Close: 482.55
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU mergers and takeovers (Feb 5)

Tue, 05th Feb 2013 14:36

BRUSSELS, Feb 5 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

None

NEW LISTINGS

-- Private equity funds Bregal Fund III and Quadriga Capitalto acquire GErman jewellery distributor LR Global Holding GmbH(notified Feb. 1/deadline March 8/simplified)

-- Russian oil major Rosneft to buy half ofAnglo-Russian oil firm TNK-BP from British oil companyBP (notified Feb. 1/deadline March 8)

-- Swiss-based trader Mercuria Energy and Chinese energygroup Sinopec to acquire joint control of tank firm VestaTerminals (notified Jan. 31/deadline March 7/simplified)

-- German insurer Allianz and German car makerVolkswagen's insurance unit VW Financial Services toset up a joint venture (notified Jan. 31/deadline March 7)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

FEB 6

-- Private equity firm Advent International to acquire U.S.specialty chemicals maker Cytec's coating resin business(notified Dec. 21/deadline Feb. 6)

-- Japanese auto parts maker U-Shin to buy Frenchcar parts equipment maker Valeo's car lock unit(notified Dec. 21/deadline Feb. 6)

-- German service company BayWa AG to acquire a 60percent stake in German agricultural wholesaler and retailerBohnhorst Agrarhandel (notified Dec. 21/deadline Feb. 6)

FEB 7

-- Japanese conglomerate Mitsui & Co Ltd andRussian steel producer Severstal to acquire jointcontrol of Russian steel product makerSeverstal-SSC-Vsevolozhsk, which is now soley controlled bySeverstal (notified Jan. 3/deadline Feb. 7/simplified)

FEB 11

-- French financial group PAI Partners to take control ofFrench industrial supplier Industrial Parts Holding(IPH)(notified Jan. 7/deadline Feb. 11)

FEB 18

-- Japanese camera maker Canon to acquire Belgiandocument recognition company Iris (notified Jan.14/deadline Feb. 18)

FEB 20

-- Private equity firm Clayton Dubilier & Rice to acquireBritish consumer goods retailer B&M (notified Jan. 16/deadlineFeb. 20/simplified)

FEB 22

-- Belgian state-owned investment company SFPI to acquire acontrolling stake in Franco-Belgian bank Dexia (notified Jan. 18/deadline Feb. 22)

-- The Turkish subsidiary of German power utility E.ON to buy a 50 percent stake in Turkish power companyEnerijsa, which will give it joint control with Turkey's HaciOmer Sabanci Holdings group (notified Jan. 18/deadline Feb.22/simplified)

-- Japanese engineering company IHI Corp to buy theremaining 49 percent of German car turbo charger maker IHICharging Systems International it does not own from German carmaker Daimler AG (notified Jan. 18/deadline Feb.22/simplified)

-- Private equity firm CVC Capital Partners to buydata information provider Cerved Holding (notified Jan.18/deadline Feb. 22/simplified)

FEB 25

-- Private equity firm Triton to acquire Finnish grocerychain Suomen Lahikauppa from IK Investment Partners (notifiedJan. 21/deadline Feb. 25)

MARCH 4

-- Drugmakers Bristol-Myers Squibb and AstraZeneca to acquire joint control of Amylin Pharmaceuticals(notified Jan. 28/deadline March 4/simplified)

-- Norwegian group Orkla to buy family-controlledfoods group Rieber & Soen (notified Jan. 28/deadlineMarch 4)

MARCH 5

-- U.S. carmaker General Motors to buy someoperations belonging to car financing services provider AllyFinancial (notified Jan. 29/deadline March 5/simplified)

MARCH 6

-- Irish aircraft leasing company Avolon and U.S. bank WellsFargo to set up a joint venture to lease airplanes(notified Jan. 30/deadline March 6/simplified)

-- Ryanair to acquire Aer Lingus (notifiedJuly 24/deadline extended for the fourth time to March 6 fromFeb. 27 after Ryanair offered more commitments)

MARCH 8

-- Austrian investment group B&C Industrieholding GmbH toacquire Austrian aluminium product producer AMAG Austria Metall (notified Feb. 1/deadline March 8/simplified)

-- Investment fund EQT Infrastructure II to take solecontrol of energy producer E.ON Energy, which is indirectlyowned by German utility E.ON (notified Feb.1/deadline March 8/simplified)

MAY 30

-- U.S. communications company Syniverse Technologies to buy Luxembourg-based communications servicescompany Mach (notified Nov. 16/deadline extended for the secondtime to May 30 from May 15 after the companies asked for moretime)

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.

More News
29 Jan 2024 08:41

LONDON MARKET OPEN: BP, Shell higher amid Middle East tensions

(Alliance News) - Stock prices in Europe opened mostly lower, ahead of an important week of central bank decisions and economic data.

Read more
26 Jan 2024 23:06

Equinor, Orsted bid for better contract in NY offshore wind auction

Jan 26 (Reuters) - New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.

Read more
26 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

Read more
26 Jan 2024 13:16

Equinor sticks to 2030 renewables targets after US wind project reset

OSLO, Jan 26 (Reuters) -

Read more
26 Jan 2024 12:11

LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.

Read more
26 Jan 2024 10:03

Equinor sticks to 2030 renewables targets after US wind reshuffle

OSLO, Jan 26 (Reuters) - Norway's Equinor maintains an ambition to reach 12-16 gigawatts (GW) of installed renewable energy capacity by 2030, despite dropping out of some projects in New York, its renewables head told Reuters on Friday.

Read more
26 Jan 2024 08:48

LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry

(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.

Read more
25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.

Read more
23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

Read more
23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

Read more
22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

PORT OF SPAIN, Jan 22 (Reuters) - Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

Read more
22 Jan 2024 10:44

SDI promotes Chief Operating Officer Stephen Brown to chief executive

(Alliance News) - SDI Group PLC on Monday said its chief executive officer has stepped down, naming its chief operating officer as successor.

Read more
18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

Jan 18 (Reuters) - Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.

Read more
18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

Read more
17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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.