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Pin to quick picks3i Group Share News (III)

Share Price Information for 3i Group (III)

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Share Price: 2,891.00
Bid: 2,879.00
Ask: 2,881.00
Change: 49.00 (1.72%)
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Prev. Close: 2,842.00
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3i Group is an Investment Trust

To provide its shareholders with quoted access to private equity and infrastructure returns, its main focus is on making quoted and unquoted equity and/ or debt investments in businesses and funds in Europe, Asia and the Americas.

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EU mergers and takeovers (April 21)

Tue, 21st Apr 2015 10:44

BRUSSELS, April 21 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

-- Telecoms group Altice to acquire Brazilian peerGrupo Oi's Portuguese assets (approved April 20)

-- U.S. bank Goldman Sachs and French propertydeveloper Altarea to jointly acquire French holdingcompany Pascal Defense S.A.R.L. (approved April 20)

-- Finnish ship engine and power plant maker Wartsila to buy navigation systems maker L-3 Marine Systemsfrom L-3 Holding (approved April 14)

NEW LISTINGS

-- Spanish bank Banco Sabadell to acquire Britishpeer TSB (notified April 20/deadline May 29/simplified)

-- U.S. flooring products maker Mohawk Industries tobuy Luxembourg-based International Flooring Systems (notifiedMarch 2/deadline May 28)

-- Private equity firm 3i Group and German fuelstorage services provider Oiltanking GmbH to jointly acquireOiltanking Ghent and Oiltanking Terneuzen which are now solelycontrolled by Oiltanking GmbH (notified April 16/deadline May27/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

APRIL 21

-- Private equity firms Ardian France and F2i SGR to acquirejoint control of investor F2i Aeroporti which holds stakes incompanies operating at Italian airports (notified March12/deadline April 21)

APRIL 23

-- German industrial services group Bilfinger andmerchandising and management services provider Papstar HoldingAG to set up a joint venture (notified March 16/deadline April23/simplified)

APRIL 27

-- Irish cement firm CRH to buy assets from mergingcompanies Lafarge and Holcim (notified March18/deadline April 27)

APRIL 28

-- Canadian public pension fund Caisse de Depot du Placementdu Quebec and British asset manager Hermes to acquire 40 percentof British high-speed rail Eurostar International Ltd, which is55 percent owned by French rail operator SNCF Mobilities(notified March 19/deadline April 28)

APRIL 29

-- Austrian property developer CA Immo to acquirecontrol of Austrian peer Immofinanz (notified March20/deadline April 29/simplified)

APRIL 30

-- German agricultural products distributor Baywa, German electric heating producer GlenDimplex andGerman energy software developer Greencom to acquire shares inenergy services provider BEEGY GmbH (notified March 23/deadlineApril 30/simplified)

MAY 5

-- Qatari-backed investor Constellation Hotels to acquireInterContinental Hotels Group's flagship Le Grand hotelin Paris (notified March 25/deadline May 5/simplified)

-- U.S. conglomerate Berkshire Hathaway to acquireGerman motorcycle apparel and accessories retailer Detlev LouisMotrorrad-Vertriebs GmbH (notified March 25/deadline May5/simplified)

MAY 7

-- MI Fashion Ltd and L Capital Asia 2 Pte Ltd to acquirejoint control of clothing retailer Pepe Jeans Group (notifiedMarch 27/deadline May 7/simplified)

MAY 8

-- U.S. investment firm Starwood Capital Group and Spanishhotel chain Melia Hotels International to acquire joint controlof six hotels in Spain (notified March 30/deadline May8/simplified)

MAY 11

-- Japanese electronics group Hitachi to acquireItalian train maker AnsaldoBreda and its rail-signalling companyAnsaldo STS from Italian aerospace and defence groupFinmeccanica (notified March 31/deadline May11/simplified)

MAY 12

-- French seismic survey group CGG and Britishenergy consultancy Wood MacKenzie to set up a joint venture(notified April 1/deadline May 12/simplified)

-- Investment fund Apollo Management to acquireGerman mail order and Internet retailer Walz Group (notifiedApril 1/deadline May 12/simplified)

-- Japan's Mitsui Chemicals and South Koreanconglomerate SK Holdings to set up a joint venture(notified April 1/deadline May 12/simplified)

-- French equity firm Ardian to acquire a 65-percent stakein Spanish toll-road operator Tunels, which is 35-percentcontrolled by Spanish toll-road operator Abertis SA (notified April 1/deadline May 12)

MAY 13

-- Czech energy group Energeticky a Prumyslovy Holding (EPH)to acquire some Italian coal and gas businesses from Germanutility E.ON (notified April 7/deadline May13/simplified)

-- Spanish lender Caixabank to acquire control ofPortuguese bank Banco BPI (notified April 7/deadlineMay 13/simplified)

MAY 18

-- Predica Prevoyance and investment fund Omnes Capital tojointly acquire wind farms (notified April 8/deadline May18/simplified)

-- Canadian property and casualty insurer Fairfax FinancialHoldings to acquire British specialty insurer Brit Plc (notified April 8/deadline May 18/simplified)

MAY 19

-- Investment fund Bain Capital Investors to acquire autofluids maker TI Fluid Systems (notified April 9/deadline May19/simplified)

-- Canadian infrastructure investor Borealis SiegfriedHoldings to acquire indirect sole control of Swedish electricitydistribution system operator Fortum Distribution AB, a unit ofFortum Oyj for about 6.6 billion euros. (notifiedApril 9/deadline May 19/simplified)

MAY 21

-- Japanese printing manufacturer Brother Industries to acquire British barcode printer Domino PrintingSciences for about 1.03 billion pounds incash.(notified April 13/deadline May 21/simplified)

-- Heinz Herrman Thiele, the owner of Knorr Bremwse, plans to buy rail technology provider Vossloh, although offer is below the market price. (notifiedApril 9/deadline May 21)

MAY 22

-- Luxembourg's Griffin Real Estate and U.S. investment fundPimco plan to raise their stake in Polish business spacedeveloper Echo Investment to 66 percent (notified April14/deadline May 22/simplified)

MAY 26

-- DS Smith Plc, a British maker of corrugatedcardboard, recycled paper and plastic packaging, to buyVienna-based packaging business Duropack (notified April15/deadline May 26)

JUNE 1

-- French telecoms operator Orange to acquireSpanish provider Jazztel (notified Oct. 16/new deadlineJune 1 after Commission lifts deadline suspension)

-- Mondelez International Inc and competitor D.EMaster Blenders to merge their coffee businesses innew company called Jacobs Douwe Egberts (notified Oct.27/deadline extended for the fourth time to June 1 from May 13)

JUNE 26

-- 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 June 26/companies offer commitments on March 13)

JULY 23

-- Commodities trader Cargill to buy rival ArcherDaniels Midland Co's global chocolate business (notifiedJan. 19/deadline extended to July 23 from July 8 after thecompanies asked for more time)

JULY 24

-- German conglomerate Siemens to purchase U.S.oilfield equipment maker Dresser-Rand Group Inc (notified Jan. 9/deadline July 24)

AUG 6

-- U.S. conglomerate General Electric to acquire mostof French engineering group Alstom's power equipmentbusiness (notified Jan. 19/deadline extended for the second timeto Aug. 6 from July 8 after GE asked for more time)

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.($1 = 0.9313 euros) (Compiled by Foo Yun Chee)

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