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EU mergers and takeovers (July 17)

Fri, 17th Jul 2015 10:21

BRUSSELS, July 17 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

-- Meat products group Danish Crown to acquire Danish peerTican (partially referred to the Danish competition regulator,merger outside Denmark approved July 17)

-- British Airways-owner IAG's to acquire Irishairline Aer Lingus (approved July 14)

-- Swiss supermarket chain Coop Genossenschaft and Swisscomto set up an online joint venture (approved July 14)

NEW LISTINGS

-- U.S. staffing company ManpowerGroup Inc toacquire German peer 7S Group (notified July 13/deadline Aug.18/simplified)

-- Dutch building materials distributor PontMeyer, which ispart of Deli Building Supplies B.V., to acquire Dutch holdingcompany DBS (notified July 15/deadline Aug. 20)

-- Fuel supplier World Fuel Services Corp to acquirebusinesses divested by BP Plc (notified July 14/deadlineAug. 19/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

JULY 17

-- Australian drugmaker CSL to acquire Swissdrugmaker Novartis' influenza vaccines business(notified June 12/deadline July 17)

JULY 20

-- U.S. drinks can maker Ball Corp to acquireBritish rival Rexam Plc (notified June 15/deadline July20)

-- U.S. drugmaker Pfizer to acquire U.S. peerHospira (notified June 15/deadline July 20)

JULY 22

-- French building supplies company St Gobain toacquire Swiss chemicals company Sika (notified June16/deadline July 22)

JUNE 23

-- Private equity firm CVC Capital Partners to acquire a 65percent stake in Dutch food and dietary supplements maker DSM (notified June 17/deadline July 23)

JULY 27

-- Finnish telecoms equipment maker Nokia toacquire French peer Alcatel-Lucent (notified June19/deadline July 27)

JULY 29

-- U.S. drugmaker Mylan to acquire U.S. peer Perrigo (notified June 23/deadline July 29)

-- U.S. company Berkshire Hathaway to acquire U.S.personal care and cosmetics company Procter & Gamble's Duracell battery unit (notified June 23/deadline July 29)

JULY 30

-- Swedish insurer AMF Pensionsforsakring AB and Finnishinsurer Ilmarinen Mutual Pension Insurance Company to set up ajoint venture (notified June 24/deadline July 30/simplified)

-- Schibsted Distribution and Amedia Distribution Helthjemto set up a joint venture (notified June 24/deadline July30/simplified)

JULY 31

-- Talanx Asset Management GmbH and Norddeutsche LandesbankGirozentrale (Nord LB) to acquire joint control of alternativeasset investment management company Caplantic GmbH (notifiedJune 25/deadline July 31/simplified)

AUG 4

-- Private equity firm Cinven Capital Management to acquirebiological testing services company Labco (notified June29/deadline Aug. 4/simplified)

AUG 5

-- Asset manager BlackRock and private equity firm FirstReserve Management to acquire joint control of a joint venturebuilding a gas pipeline in Mexico, in which GDF Suez holds astake (notified June 30/deadline Aug. 5/simplified)

-- Spanish cars part maker Grupo Antolin toacquire auto parts maker Magna Interiors from Canadian car partsmaker Magna International Inc (notified June 30/deadlineAug. 5)

AUG 6

-- U.S. healthcare company Danaher Corp to acquireair and water filter maker Pall Corp (notified July1/deadline Aug. 6/simplified)

-- Swiss travel retailer Dufry to acquire Italianpeer World Duty Free (notified July 1/deadline Aug 6)

-- Commodities trader Cargill to buy rival ArcherDaniels Midland Co's global chocolate business (notifiedJan. 19/deadline Aug. 6/Cargill offers concessions on May 22)

AUG 7

-- Private equity firm CVC Capital Partners to acquirebeauty products retailer Douglas Group (notified July 2/deadlineAug. 7/simplified)

-- German insurer Axa Konzern and Compugroup Medical MobileDTL to set up a joint venture (notified July2/deadline Aug. 7/simplified)

AUG 10

-- Private equity firm Lone Star Fund IX to acquire textilefloor coverings producer Balta (notified July 3/deadline Aug.10/simplified)

AUG 11

-- Investment fund Apollo Management L.P. to acquireSaint-Gobain Emballage, Saint Gobain Vicasa S.A., Saint GobainVidros and Obale, with the group known as Verallia (notifiedJuly 6/deadline Aug. 11/simplified)

AUG 13

-- Swiss bakery products maker Aryzta to acquire49 percent of frozen food retailer Picard Groupe (notified July8/deadline Aug. 13)

AUG 14

-- NH Hotel Group SA and HNA Hospitality Group CoLtd to set up a joint venture which will operate mainly in China(notified July 9/deadline Aug. 14/simplified)

AUG 17

-- Investment fund Canada Pension Plan Investment Board(CPPIB) and real estate investment trust Intu Holding S.a.r.l.to indirectly acquire a joint controlling stake in Spanishshopping mall Puerto Venecia Investments SOCIMI S.A. (notifiedJuly 10/deadline Aug. 17/simplified)

-- Private equity firm CVC to acquire theatreproducer Stage Entertainment (notified July 10/deadline Aug.17/simplified)

-- Spanish energy company Repsol and Mexicanindustrial group Grupo Kuo to expand their jointventure Dynasol (notified July 10/deadline Aug. 17/simplified)

-- Investment bank Goldman Sachs and Altor to jointlyacquire soy-based protein solutions maker Hamlet Protein(notified July 10/deadline Aug. 17)

AUG 21

-- U.S. conglomerate General Electric to acquire mostof French engineering group Alstom's power equipmentbusiness (notified Jan. 19/deadline extended for the third timeto Aug. 21 from Aug. 6)

SEPT 2

-- Norwegian telecoms company Telenor and Swedishpeer TeliaSonera to combine their Danish mobilebusinesses (notified Feb. 27/deadline extended to Sept. 2 fromAug. 19 after the companies asked for more time)

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 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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