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EU mergers and takeovers (Nov 19)

Thu, 19th Nov 2015 11:43

BRUSSELS, Nov 19 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- Bain Capital Investors to acquire car parts distributorAutodistribution Group (approved Nov. 19)

-- Austrian insurer Generali Holding Vienna's GeneraliPensionskasse AG subsidiary and ZürichVersicherungs-Aktiengesellschaft's BONUS Pensionskassen unit tomerge (approved Nov. 19)

-- Canadian car parts supplier Magna International to acquire car parts maker Stadco Automotive Ltd (approved Nov.19)

-- The Carlyle Group to acquire PA Consulting(approved Nov. 19)

NEW LISTINGS

-- Transgourmet, a unit of Switzerland's Coop, tobuy Austria's C+C Pfeiffer, a subsidiary of the Pfeiffer tradinggroup, as well as to take a 50 percent stake in centralisedpurchasing team Top Team (notified Nov. 18/deadline Dec.23/simplified)

-- Novartis to buy remaining rights to Ofatumumab fromBritain's GlaxoSmithKline (notified Nov. 18/deadlineDec. 23)

EXTENSIONS AND OTHER CHANGES

-- U.S. drinks can maker Ball Corp to acquireBritish rival Rexam Plc (notified June 15/deadlineextended for the third time to Jan 22 from Dec. 23)

FIRST-STAGE REVIEWS BY DEADLINE

NOV 23

-- U.S. chipmaker Avago Technologies to acquireU.S. peer Broadcom Corp (notified Oct. 2/deadlineextended to Nov. 23 from Nov. 9 after Avago offered concessions)

-- Finland's Fortum and Lithuanian state-ownedenergy group Lietuvos Energija to set up a joint venture(notified Oct. 16/deadline Nov. 23)

NOV 27

-- Panasonic Healthcare, which is backed by private equityfirm KKR, and Japan's Panasonic Corp, toacquire Bayer's diabetes care business (notified Oct.22/deadline Nov. 27)

DEC 1

-- Swiss chemicals company Ineos to acquire UK North Sea gasfields from the DEA Group (notified Oct. 26/deadline Dec.1/simplified)

DEC 2

-- Belgian chemical group Solvay to acquire U.S.peer Cytec (notified Oct. 13/deadline Dec. 2)

DEC 3

-- French supermarket chain Carrefour to acquireFrench electronic products retailer Rue du Commerce (notifiedOct. 28/deadline Dec. 3/simplified)

DEC 7

-- U.S. fertiliser maker CF Industries Holdings toacquire OCI NV's North American and European plants(notified Oct. 30/deadline Dec. 7)

-- French investment company Ardian France to acquire foodingredient maker Solina (notified Oct. 30/deadline Dec.7/simplified)

-- Enel Green Power and asset management companyF2I to set up a joint venture (notified Oct. 30/deadline Dec. 7)

-- German carmaker BMW and heating and refrigeration systemsmaker Viessmann to set up Digital Energy Solutions GmbH(notified Oct. 30/deadline Dec. 7/simplified)

-- Investment firm Oaktree Capital Group, Swedishbuilder Skanska and hotel operator Starwood Hotels &Resorts Worldwide to acquire Polish hotel operator HotelAtrium (notified Oct. 30/deadline Dec. 7/simplified)

DEC 8

-- Swedish state utility Vattenfall and GDF Suez EnergieDeutschland AG to to set up a consortium (notified Nov.3/deadline Dec. 8)

-- U.S. conglomerate Koch Industries and BDTCapital Partners to acquire joint control of U.S. lighting makerTruck-Lite (notified Nov. 3/deadline Dec. 8/simplified)

DEC 9

-- Austrian home improvement chain OBI to acquiresome retail sites from Austrian peer BauMax (notified Nov.4/deadline Dec. 9)

DEC 10

-- German dairy producer DMK Deutsches Milchkontor GmbH toacquire Dutch cheese producer DOC Kaas B.V. (notified Nov.5/deadline Dec. 10)

-- Spanish bank Banco Santander and private equityfirm Pai Partners to jointly control Grupo Konectanet (notifiedNov. 5/deadline Dec. 10/simplified)

DEC 11

-- Private equity firm KKR to acquire Swiss-basedvending machine operator Selecta (notified Nov. 6/deadline Dec.11/simplified)

-- Private equity firm LetterOne Holdings to acquire Germanenergy company E.ON's oil and gas assets in theNorwegian North Sea (notified Nov. 6/deadline Dec.11/simplified)

-- Trading company Gunvor Group to acquire refinery operatorKuwait Petroleum Europoort (notified Nov. 6/deadline Dec.11/simplified)

-- Swiss Re to acquire Guardian FinancialServices (notified Nov. 6/deadline Dec. 11/simplified)

-- UK insurer Aviva and the Public Sector PensionInvestment Board to set up a property joint venture (notifiedNov. 6/deadline Dec. 11/simplified)

DEC 12

-- Canadian auto parts maker Linamar to acquireFrench peer Montupet (notified Nov. 6/deadline Dec.12)

DEC 14

-- French bank Caisse des Depots, Abu Dhabi-based investmentand development firm Mubadala Development Co andVivalto Bel to jointly acquire French private health cluboperator Group Vivalto Sante (notified Nov. 9/deadline Dec. 14)

DEC 16

-- Private equity firm Vista Equity Partners to acquiretechnology company Solera Holdings Inc (notified Nov.11/deadline Dec. 16)

-- Commodity trader Trafigura to acquire de facto solecontrol of Belgian zinc producer Nyrstar (notified Nov.11/Dec. 16)

DEC 17

-- Germany's Bertelman plans to buy remaining 25.1percent stake in printing group Privonis from Axel Springer. (notified Nov. 12/ deadline Dec. 17)

-- France's Michelin and Fives planjoint venture in metal 3D printing (notified Nov. 12/ deadlineDec. 17/simplified)

-- The Ontario Municipal Employees Retirement System (Omers)to buy out environment and social issues consultant ERM with theAlberta Investment Management Corp as a co-investor (notifiedNov. 12/ deadline Dec. 17/simplified)

-- Canadian car parts supplier Magna International to acquire German automotive transmission systems maker Getrag(notified Nov. 12/deadline Dec. 17)

DEC 18

AXA and Danish public pension fund ATP plan toacquire control of two hotels jointly with Club Quarters(notified Nov. 13/ deadline Dec. 18/simplified)

DEC 21

-- Finnish stainless steel maker Outokumpu to acquire sharesin Germany's Hernandez Edelstahl (notified Nov. 16/deadline Dec.21)

DEC 22

-- EQT Services to acquire 75 percent of Top-Toy, a toyretailer in the Nordic Countries and Germany (notified Nov.16/deadline Dec. 22/simplified)

DEC 23

-- Transgourmet, a unit of Switzerland's Coop, tobuy Austria's C+C Pfeiffer, a subsidiary of the Pfeiffer tradinggroup, as well as to take a 50 percent stake in centralisedpurchasing team Top Team (notified Nov. 18/deadline Dec.23/simplified)

-- Novartis to buy remaining rights to Ofatumumab fromBritain's GlaxoSmithKline (notified Nov. 18/deadlineDec. 23)

JAN 13

-- U.S. packages delivery company FedEx to acquireDutch peer TNT (notified July /deadline extended toJan. 13 from Dec. 8 after the companies asked for more time)

JAN 18

-- South African paper maker Mondi toacquire some assets from portfolio company Walki (notified July29/deadline extended to Jan. 18 from Sept. 2 after the EuropeanCommission opened an in-depth investigation)

JAN 22

-- U.S. drinks can maker Ball Corp to acquireBritish rival Rexam Plc (notified June 15/deadlineextended for the third time to Jan 22 from Dec. 23 aftercompanies submitted commitments)

MARCH 2

-- U.S. office supplier Staples to acquire U.S.rival Office Depot (notified Aug. 21/deadline extendedfor the second time to March 2 from Feb. 10 after the companiesasked for more time)

MARCH 17

-- Cable telecoms company Liberty Global's Belgiansubsidiary Telenet to buy mobile network operator Basefrom Dutch group KPN (notified Aug. 17/deadlineextended to March 17 from March 3)

APRIL 18

-- Hutchison Whampoa to acquire Telefonica's O2 UK subsidiary (notified Sept. 11/deadline extendedfor the fourth time to April 18 from March 16 after Hutchisonasked for more time)

SUSPENDED

-- Oilfield services provider Halliburton to buyrival Baker Hughes in a stock and cash transaction(notified July 23/deadline suspended after the companiesprovided insufficient information)

-- 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 and Philip Blenkinsop)

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