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Pin to quick picksGlaxosmithkline Share News (GSK)

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EU mergers and takeovers (Nov 28)

Thu, 28th Nov 2013 12:40

BRUSSELS, Nov 28 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- Japan's Suntory Beverage & Food Ltd to buyBritish drugmaker GlaxoSmithKline Plc's Lucozade andRibena brands (approved Nov. 27)

-- Private equity firm Apax Partners to acquireItalian motor cars trader Rhiag-Inter Auto Parts Italia S.p.A(approved Nov. 27)

NEW LISTINGS

-- Japanese technology company NTT Data Corp toacquire consultancy Everis Participaciones (notified Nov.27/deadline Jan. 13/simplified)

EXTENSIONS AND OTHER CHANGES

-- Airport ground and cargo services handler Swissport,which is owned by private equity company PAI Partners, toacquire Servisair from French company Derichebourg SA (notified Oct. 29/deadline extended to Dec. 18 from Dec. 4 afterSwissport offered concessions)

FIRST-STAGE REVIEWS BY DEADLINE

NOV 29

-- French industrial group Schneider Electric tobuy British engineer Invensys (notified Oct 24/deadlineNov. 29)

DEC 2

-- Private equity group Blackstone and investmentbank Goldman Sachs to acquire joint control of Britishinsurer Rothesay Life which is now solely owned by Goldman Sachs(notified Oct. 25/deadline Dec. 2)

DEC 3

-- British private equity firm EQT VI to buy Finnishhealthcare services company Terveystalo Healthcare (notified Oct. 28/deadline Dec. 3)

-- Private equity investors Altor Funds and TryghedsGruppento merge their Nordic fitness companies Elixia Holding III ASand Health & Fitness Nordic AB (notified Oct. 28/deadline Dec.3)

DEC 4

-- Microsoft to acquire Nokia's phonebusiness (notified Oct. 29/deadline Dec. 4)

DEC 5

-- Russian gas company Gazprom and German energycompany Wintershall Holding GmbH to swap certain gasproduction assets (notified Oct. 30/deadline Dec. 5)

-- Japanese parcel services provider Nippon Express Co Ltd to buy 67 percent of Panasonic Logistics which is ownedby Japanese electronics group Panasonic Corp (notifiedoct. 30/deadline Dec. 5/simplified)

DEC 6

-- French energy company GDF Suez to buy Britishindustrial company Balfour Beatty plc's Britishfacilities management unit (notified Oct. 31/deadline Dec.6/simplified)

DEC 9

-- Fondo Strategico Italiano to acquire sole control ofAnsaldo Energia from Finmeccanica S.p.A. and FirstReserve Power Limited, a subsidiary of First Reserve Fund XIIL.P. (notified Nov. 4/deadline Dec. 9/simplified)

-- Fishing product supplier Bolton Group BV to acquire jointcontrol of two companies and integrate them with fish trader TriMarine (notified Nov. 4/deadline Dec. 9)

-- Private equity firm the Triton group to acquire pneumaticprodut maker Bosch Rexroth Pneumatics Holding (notified Nov. 4/deadline Dec. 9/simplified)

DEC 10

-- U.S. medical device maker Medtronic Inc andRussian asset management company the Renova Group to set up ajoint venture (notified Nov. 5/deadline Dec. 10/simplified)

DEC 11

-- German refrigeration compressor maker Secop GmbH, ownedby German private equity company Aurelius, to acquire Austrianindustrial company ACC Austria GmbH (notified Nov. 6/deadlineDec. 11)

DEC 12

-- German insurer Allianz and Spain's BancoPopular Espanol to acquire joint control of jointventure AP Vida (notified Nov. 7/deadline Dec. 12/simplified)

-- Mitsubishi Heavy Industries and Hitachi Ltd to integrate their thermal power generation systems(notified Nov. 7/deadline Dec. 12/simplified)

DEC 13

- Dutch storage firm Vopak and and Swedish gasgrid operator Swedegas to acquire joint control of gasdistribution terminal operator GO4LNG (notified Nov. 8/deadlineDec. 13/simplified)

-- German aluminium firm Trimet Aluminium AG and Frenchutility EDF to take control of two aluminium plants inFrance from Rio Tinto Alcan Group (notified Nov.8/deadline Dec. 13)

DEC 19

-- Private equity firm New Mountain Capital to acquire afund from management services provider Alexander Mann Solutions(notified Nov. 14/deadline Dec. 19/simplified)

-- U.S. property consultancy CBRE Group Inc to buyBritish company Norland Holdings Ltd (notified Nov. 14/deadlineDec. 19/simplified)

-- China National Petroleum Corp to acquire a stake in aRussian Arctic project called the Yamal LNG project which isjointly controlled by Russia's Novatek and France'sTotal (notified Nov. 14/deadline Dec. 19/simplified)

DEC 20

-- Spanish telecoms provider Telefonica to buyDutch peer KPN's German unit (notified Oct. X/deadlineextended to Dec. 20 from Dec. 6 after Germany's antitrustauthority asked to review the deal)

-- Canadian real estate developer Brookfield Property and investment firm Starwood Capital Group Global toacquire joint control of 13 hotels in Germany (notified Nov.15/deadline Dec. 20/simplified)

-- Private equity firms KKR and Arle Capital to acquirejoint control of mattress maker Hilding Anders Midco AB(notified Nov. 15/deadline Dec. 20/simplified)

-- Austevoll Seafood ASA and investment company Kvefi, whichis controlled by private investment firm Kverva AS, to set up ajoint venture (notified Nov. 15/deadline Dec. 20)

DEC 23

-- French insurer Axa and Norway's Norges Bank toacquire joint control of SZ Tower in Munich, Germany (notifiedNov. 18/deadline Dec. 23/simplified)

-- German building supplies wholesaler Cordes & Graefe toacquire French construction supplier Pompac (notified Nov.18/deadline Dec. 23)

-- Danish pension fund PensionDanmark Holding to acquire a49 percent stake in gas pipeline operator Noordgastransport fromAbu Dhabi-based energy company TAQA, giving it jointcontrol with French utility GDF Suez (notified Nov.18/deadline Dec. 23/simplified)

-- Private equity firms ARX CEE III LP and Darby ConvergingEurope Fund III to jointly acquire Gramex 2000 KereskedelmiKorlatolt Felelôssegü Tarsasag and G.F. Investment Korlatolt Felelossegu Tarsasag which own beverage producers anddistributors (notified Nov. 18/deadline Dec. 23/simplified)

-- Private equity firms Bridgepoint Adviers Group Ltd andOrlando Italy Management to acquire joint control of Italianbeauty products distributor La Gardenia Beauty, which is nowsolely controlled by Orlando Italy Management (notified Nov.18/deadline Dec. 23/simplified)

-- Japanese building products company Lixil Group and the Development Bank of Japan to acquire an 87.5 percentstake in German bathroom fittings company Grohe Group (notifiedNov. 18/deadline Dec. 23/simplified)

-- Private equity firm TPG and U.S. car parts and homeproducts retailer Servco Pacific Inc to buy Fender MusicalInstrument (notified Nov. 18/deadline Dec. 23/simplified)

-- Bulgarian flag carrier Bulgaria Airways Group EAD toacquire joint control of airport ground services handlerSwissport Bulgaria, which is now solely owned by airport groundservices handler Swissport (notified Nov. 18/deadline Dec.23/simplifid)

-- Spain industrial group Corporacion Gestamp and Spanishbank Banco Santander to set up a joint venture(notified Nov. 18/deadline Dec. 23/simplified)

JAN 3

-- Germany industrial companies Rheinmetall andFerrostaal Industrieanlagen GmbH to set up two joint ventures(notified Nov. 19/deadline Jan. 3/simplified)

-- Venetos Holding AG, which is a subsidiary of Russianinvestment vehicle Renova Industries, to acquire sole control ofSwiss steelmaker Schmolz+Bickenbach AG (notified Nov.19/deadline Jan. 3)

JAN 8

-- Italian energy group ENI to acquire British oiland gas operator Liverpool Bay from BHP Billiton Petroleum GreatBritain Ltd (notified Nov. 22/deadline Jan.8/simplified)

-- Private equity firm Apollo to acquire debt recovery andreal estate services company Altamira from Spanish bank BancoSantander (notified Nov. 22/deadline Jan. 8/simplified)

JAN 9

-- U.S. advertising company Omnicom Group Inc andFrench peer Publicis Groupe SA to merge (notified Nov.25/deadline Jan. 9)

MARCH 10

-- Swiss cement maker Holcim to buy some ofMexican peer Cemex's assets in Germany (notified Sept. 3/dateline extended to March 10 from Oct. 22after the Commission opened an in-depth investigation into thedeal)

MARCH 21

-- Switzerland-based INEOS and Belgian chemicals companySolvay to form a joint venture (notified Sept.16/deadline extended for the second time to March 21 from Nov. 5after the European Commission opened an in-depth investigation)

MARCH 24

-- Hutchison 3G UK to acquire Telefonica Ireland,a unit of Spanish telecoms provider Telefonica (notified Oct. 1/deadline extended to March 24 from Nov. 6 afterthe European Commission opened an in-depth investigation)

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.

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