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EU mergers and takeovers (March 19)

Wed, 19th Mar 2014 16:23

BRUSSELS, March 19 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

-- South Korean holding company Lotte to acquire jointcontrol of coffee maker Nestle Korea from Switzerland's Nestle (approved March 19)

-- U.S. agriculture machinery maker Agco Corp andGAZ, which is a unit of Russian car maker Basic Element, to setup a joint venture (approved March 19)

-- Infrastructure operator Global Via Infraestructuras,which is 50 percent owned by Spanish bank Bankia, and LBEIP,which is a subsidiary of British lender Lloyds Bank toacquire joint control of Spanish hospital operator OHL Phunciona(approved March 19)

NEW LISTINGS

None

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

MARCH 18

-- British pension fund Universities Superannuation SchemeLimited (USS) to acquire 49.9 percent of British air trafficcontroller The Airline Group Ltd whose shareholders are BritishAirways, Easyjet and Monarch Airlines (notified Feb. 11/deadline March 18)

MARCH 27

-- French utility GDF Suez, Omnes Capital andPredica Prevoyance Dialogue du Credit Agricole to acquire jointcontrol of Futures Energies Investissements Holdings which isnow solely controlled by GDF Suez (notified Feb. 20/deadlineMarch 27/simplified)

APRIL 4

-- Mexican cement producer Cemex to acquireSwiss peer Holcim's Spanish cement business (notifiedFeb. 28/deadline April 4)

APRIL 7

-- U.S. investment firm The Gores Group to acquire Britishgrocer Premier Foods' Hovis unit (notified March3/deadline April 7/simplified)

APRIL 8

-- U.S. media company Discovery Communications toacquire a controlling interest in European sports broadcasterEurosport International from French media group TF1 (notified March 4/deadline April 8)

APRIL 9

-- Israeli conglomerate Ben-Moshe Group and Dolphin Fund toacquire Israel group IDB Development Corp Ltd (notified March5/deadline April 9/simplified)

-- Dutch company Varo Energy, which is controlled by theCarlyle Group, to acquire assets from Austrian oil group OMV (notified March 5/deadline April 9/simplified)

APRIL 10

-- Japanese chemicals producer Kuraray to buy U.S.peer DuPont's glass laminating solutions business (notifiedMarch 6/deadline April 10)

-- Sale by Britain's Royal Bank of Scotland of somestructured retail investor products and equity derivativesbusinesses to France's BNP Paribas (notified March6/deadline April 10)

APRIL 11

-- Carlyle Group to buy Illinois Tool Works Inc's industrial packaging unit for $3.2 billion (notifiedMarch 7/deadline April 11/simplified)

APRIL 15

-- Deutsche Telekom to acquire control of GTSCentral Europe from a consortium of international private equityfirms (notified March 11/deadline April 15)

APRIL 22

-- Australian investment fund AMP Capital Investors Ltd to acquire joint control of Luxembourg-based trainleasing company Alpha Trains (Luxembourg) Holdings Sari(notified March 13/deadline April 22/simplified)

APRIL 23

-- U.S. cable company Liberty Global to acquireDutch peer Ziggo (notified March 4/deadline April 23)

APRIL 24

-- British engineering group John Wood and Germanpeer Siemens to form a joint venture (notified March17/deadline April 24)

-- Japanese spirits maker Suntory Holdings Ltd tobuy U.S. spirits company Beam Inc (notified March17/deadline April 24)

MAY 2

-- Swiss cement maker Holcim to buy some ofMexican peer Cemex's assets in Europe . (notified Sept. 3/deadline extended for the second time to May 2from March 31)

MAY 14

-- Spanish telecoms provider Telefonica to buyDutch peer KPN's German unit (notified Oct.31/Commission opened in-depth probe on Dec. 20, new deadline May14)

MAY 16

-- Switzerland-based INEOS and Belgian chemicals companySolvay to form a joint venture (notified Sept.16/deadline extended to May 16 after additional concessionsoffered)

MAY 19

-- Hutchison 3G UK to acquire Telefonica Ireland,a unit of Spanish telecoms provider Telefonica (notified Oct. 1/deadline extended for the second time to May 19from April 24 after Hutchison offered concessions)

JULY 22

-- U.S. chemical maker Huntsman Corp to acquire U.S.peer Rockwood Holdings's titanium dioxide pigmentsbusiness (notified Jan. 29/deadline extended to July 22 fromMarch 5 after the European Commission opened an in-depth probe)

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. (Editing by Foo Yun Chee)

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UK earnings, trading statements calendar - next 7 days

Thursday 20 July 
3i Group PLCTrading Statement
AJ Bell PLCTrading Statement
Anglo American PLCTrading Statement
Babcock International Group PLCFull Year Results
BHP Group LtdTrading Statement
Diploma PLCTrading Statement
Dunelm Group PLCFull Year Results
easyJet PLCTrading Statement
Howden Joinery Group PLCHalf Year Results
IG Group Holdings PLCFull Year Results
Intermediate Capital Group PLCTrading Statement
International Distributions Services PLCTrading Statement
Kier Group PLCTrading Statement
PensionBee Group PLCTrading Statement
Pharos Energy PLCTrading Statement
Premier Foods PLCTrading Statement
Premier Miton Group PLCTrading Statement
SSE PLCTrading Statement
Taylor Maritime Investments LtdFull Year Results
Vistry Group PLCTrading Statement
Volution Group PLCTrading Statement
Friday 21 July 
Close Brothers PLCTrading Statement
Glencore PLCTrading Statement
Petershill Partners PLCTrading Statement
Thruvision Group PLCFull Year Results
Monday 24 July 
discoverIE Group PLCTrading Statement
Cranswick PLCTrading Statement
Glantus Holdings PLCTrading Statement
MoneySupermarket.com PLCHalf Year Results
Ryanair Holdings PLCQ1 Results
Science Group PLCHalf Year Results
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 25 July 
City of London Investment Group PLCTrading Statement
Compass Group PLCTrading Statement
Croda International PLCHalf Year Results
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Greencore Group PLCTrading Statement
Hummingbird Resources PLCTrading Statement
MITIE Group PLCTrading Statement
Paragon Banking Group PLCTrading Statement
Reach PLCHalf Year Results
Smart Metering Systems PLCTrading Statement
Tristel PLCTrading Statement
Tyman PLCHalf Year Results
Unilever PLCHalf Year Results
Unite Group PLCHalf Year Results
Wednesday 26 July 
Aptitude Software Group PLCHalf Year Results
Breedon Group PLCHalf Year Results
Conduit Holdings LtdHalf Year Results
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
FRP Advisory Group PLCFull Year Results
Gresham Technologies PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Lloyds Banking Group PLCHalf Year Results
Marston's PLCTrading Statement
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Primary Health Properties PLCHalf Year Results
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Rio Tinto PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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STOXX 600 up for fourth straight session

*

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UK bank shares rise after BoE stress test

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