Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 53.72
Bid: 48.00
Ask: 54.26
Change: 0.00 (0.00%)
Spread: 6.26 (13.042%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 53.72
LLOY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU mergers and takeovers (March 27)

Wed, 27th Mar 2013 11:42

BRUSSELS, March 27 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

-- Spanish infrastructure group Ferrovial to buyBritish utility services company Enterprise Plc (approved March25)

-- Investment bank Goldman Sachs and private equityfirm TPG Lundy to acquire joint control of British electronicsparts maker Exception Group Ltd, which is controlled by Britishbank Lloyds (approved March 25)

NEW LISTINGS

None

EXTENSIONS AND OTHER CHANGES

-- Swedish refiner Nynas to purchase certain assets fromRoyal Dutch Shell's Harburg refinery (notified Feb.19/deadline extended to Aug. 8 from March 26 after theCommission opens an in-depth investigation)

-- Greek carrier Aegean Airlines to buy OlympicAir (notified Feb. 28/deadline extended to April 23from April 9 after Aegean offered commitments)

FIRST-STAGE REVIEWS BY DEADLINE

APRIL 4

-- Private equity funds Ratos and Ferd to acquirejoint control of Norwegian oil platform construction companyAibel Group (notified Feb. 25/deadline April 4/simplified)

-- German carmaker Volkswagen to acquire jointcontrol of car leasing company Ron Equipment Rental & Lease,which is a unit of car distributor Pon Holdings BV (notifiedFeb. 25/deadline April 4)

APRIL 5

-- German media company Bertelsmann and Britain'sPearson to merge their publishers Random House andPenguin (notified Feb 26/deadline April 5)

APRIL 8

-- Investment fund Oaktree to buy construction companyCountryside (notified Feb. 27/deadline April 8)

APRIL 10

-- U.S. carmaker General Motors to acquire solecontrol of diesel engine maker Ispol, which is now jointlycontrolled by GM and Isuzu Motors (notified March1/deadline April 10/simplified)

APRIL 12

-- Dutch dairy company FrieslandCampina to buy Dutch cheesewholesalers Zijerveld & Veldhuyzen B.V. and Den Hollander B.V.(notified Feb. 19/deadline extended to April 12 from March 26after FrieslandCampina offered concessions)

-- French energy network manager ERDF, which is a unit ofFrench power company EDF, French state-owned bankCaisse des Depots et Consignations (CDS), and electricitycompany UEM to set up a software joint venture (March 5/April12/simplified)

APRIL 14

-- Polish lender Alior Bank and Austria's ErsteGroup Bank to acquire joint control of Polish personalcare products retailer Polbita (notified March 8/deadline April14/simplified)

APRIL 15

-- U.S. cable group Liberty Global to acquireBritish peer Virgin Media (notified March 6/deadlineApril 15)

APRIL 16

-- U.S. conglomerate General Electric and Germanreinsurer Munich Re to acquire joint control ofSpanish energy company Iberdrola's wind power operatorIberdrola Renovables France (notified March 7/deadline April16/simplified)

APRIL 17

-- U.S. oilfield equipment maker Cameron International Corp and U.S. oilfield services company Schlumberger to combine their subsea businesses (notified March 8/deadlineApril 17)

APRIL 19

-- German engineering company Siemens to buyBritish technology company Invensys' rail business(notified March 12/deadline April 19)

APRIL 22

-- Japanese trading house Mitsui Group to acquirestake in Spanish autoparts maker Gestamp Automocion jointcontrol of Gestamp Automocio's U.S. businesses (notified March13/deadline April 22/simplified)

-- Investment bank Goldman Sachs and private equityfirm TPG Lundy to buy British real estate developer TullochHomes Group from British lender Lloyds Bank (notifiedFeb. 13/deadline April 22)

APRIL 23

-- U.S. ceramic tile maker Mohawk Industries to acquirepanel board maker Spano Invest, which is majority-owned byBelgian holding company Ackermans & Van Haaren (notified March 14/deadline April 23)

APRIL 25

-- Private equity firms Bridgepoint Advisers Group Ltd and Orlando Italy Management S.A. to acquire Italianperfume distributor Bergamotto (notified March 18/deadline April25/simplified)

-- Norwegian aluminium producer Norsk Hydro andNorwegian peer Orkla to merge their extruded aluminiumunits via a joint venture (notified March 18/deadline April 25)

APRIL 26

-- German optical technology company Carl Zeiss to acquire sole control of eyewear maker Carl Zeiss VisionHolding GmbH (notified March 19/deadline April26/simplified)

APRIL 30

-- German rail operator Deutsche Bahn to acquiresole control of eastern European bus services company VeoliaTransport Central Europe which is a majority-owned unit ofFrench transport company Veolia Transport Transdev Group (notified March 21/deadline April 30)

MAY 30

-- U.S. communications company Syniverse Technologies to buy Luxembourg-based communications servicescompany Mach (notified Nov. 16/deadline extended for the secondtime to May 30 from May 15 after the companies asked for moretime)

JUNE 7

-- Finnish paper producer Ahlstrom to merge witha unit of Swedish company Munksjo, which is partly owned byprivate equity fund EQT (notified Oct. 31/deadline extended forthe second time to June 7 from May 16 after Ahlstrom offeredconcessions)

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.

More News
3 May 2024 16:28

Intesa targets new digital-only clients after antritrust blow

Antitrust ruling derailed client migration timetable

*

Read more
2 May 2024 12:30

Direct Line revamps management with three new appointments

(Alliance News) - Direct Line Insurance Group PLC on Thursday announced several new appointments, which the company's chief executive officer hailed as "central to delivering our strategy to transform the group".

Read more
29 Apr 2024 07:00

Britain's NatWest share sale to test UK equity market upswing

Government keen to revive share-owning culture via offer

*

Read more
27 Apr 2024 12:00

Britain's NatWest share sale to test UK equity market upswing

Government keen to revive share-owning culture via offer

*

Read more
26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

Read more
26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

*

Read more
24 Apr 2024 15:09

London close: Stocks finish weaker after earlier gains

(Sharecast News) - London markets closed the day weaker on Wednesday, reversing earlier gains as Wall Street stocks opened lower, although mining stocks remained above the waterline.

Read more
24 Apr 2024 11:55

LONDON MARKET MIDDAY: Investors shake off pre-US inflation nerves

(Alliance News) - The FTSE 100 in London was higher at midday on Wednesday, as investors look ahead to the US Federal Reserve's next test on Friday.

Read more
24 Apr 2024 09:11

TOP NEWS: Lloyds profit squeezed by rising costs as revenue declines

(Alliance News) - Lloyds Banking Group PLC on Wednesday said first quarter profit slumped as the benefits of higher interest rates faded amid mounting costs.

Read more
24 Apr 2024 09:04

LONDON MARKET OPEN: Reckitt up on strong start to 2024; Lloyds falls

(Alliance News) - Stock prices in London opened higher on Wednesday, building on this week's gains, as investors look ahead to some key US data.

Read more
24 Apr 2024 07:42

LONDON BRIEFING: Lloyds profit takes hit; Jet2 cuts guidance

(Alliance News) - Stocks in London are set to open higher on Wednesday, as the release of some key US data edges closer

Read more
24 Apr 2024 07:02

Lloyds Bank holds guidance as Q1 profit falls £28%

(Sharecast News) - Lloyds Bank held annual guidance despite a 28% fall in first-quarter profits due to lower net interest income and higher operating expenses, as competition for mortgages and savings squeezed margins.

Read more
23 Apr 2024 10:43

Wednesday preview: US corporate results, Lloyds in the spotlight

(Sharecast News) - The market spotlight on Wednesday will be firmly on the U.S., as the latest quarterly results from the country's tech heavyweights continue to roll in.

Read more
22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
19 Apr 2024 12:02

LONDON MARKET MIDDAY: Stocks down on Israel attack on Isfahan, Iran

(Alliance News) - Stock prices in London were down at midday on Friday, as equity sentiment suffered by worries of a conflict escalation between Iran and Israel, after Iranian state media reported explosions in the province of Isfahan.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.