Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU mergers and takeovers (July 2)

Tue, 02nd Jul 2013 11:52

BRUSSELS, July 2 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- U.S. group General Electric Co to buy the aviationbusiness of Italian plane components maker Avio from privateequity fund Cinven and Italian defence group Finmeccanica (approved July 2)

-- Shell to buy some liquified natural gas assetsfrom Spanish oil company Repsol (approved July 2)

NEW LISTINGS

-- Canada's Valeant Pharmaceuticals International to buy eye health products maker Bausch & Lomb Holdings Inc from private equity firm Warburg Pincus LLC(notified July 1/deadline Aug. 5)

EXTENSIONS AND OTHER CHANGES

-- U.S. medical product maker Baxter International Inc to buy Swedish kidney dialysis product company Gambro(notified June 3/deadline extended to July 22 from July 8 afterBaxter offered concessions)

FIRST-STAGE REVIEWS BY DEADLINE

JULY 4

-- Norwegian telecoms provider Telenor to acquireBulgarian mobile operator Cosmo Bulgaria Mobile EAD andtelephony products retailer Germanos Telecom Bulgaria EAD fromGreek telecoms company OTE (notified May 30/deadlineJuly 4)

JULY 9

-- Private equity firm KKE to acquire indirectcontrol of U.S. industrial machinery manufacturer Gardner DenverInc (notified June 4/deadline July 9/simplified)

JULY 10

-- Private equity firm Bain Capital to acquire sole controlof German brakes maker FTE (notified June 5/deadline July10/simplified)

JULY 12

-- German agricultural cooperative BayWa toacquire joint control of German grain trading company BohnhorstAgrarhandel (notified June 7/deadline July 12/simplified)

-- Private equity firm Kohlberg Kravis Roberts tobuy waters services supplier South Staffordshire plc (notifiedJune 7/deadline July 12/simplified)

JULY 15

-- Norwegian maritime classification firm Det Norske Veritasto merge with Hamburg-based peer Germanischer Lloyd (notifiedJune 10/deadline July 15)

JULY 18

-- Italian gas distributor Snam and Luxembourg investmentcompany GICSI to acquire joint control of French gas networkoperator Transport et Infrastructure Gaz France S.A (notifiedJune 13/deadline July 18/simplified)

JULY 19

-- U.S. diversified manufacturer Crane Co to buy U.S.manufacturer of electronic bill acceptors and transactionmechanisms MEI Conlux from private equity firms Bain Capital andAdvantage Partners (notified May 31/deadline extended to July 19from July 5 after Crane offered concessions)

-- Swiss-based oil trader Vitol to buy one of refinerPhillips 66's British power plant (notified June14/deadline 19/simplified)

JULY 22

-- Canadian private equity firm Onex Corp toacquire indirect sole control of U.S. windows and door makerJeld-Wen (notified June 17/deadline July22/simplified)

-- Swiss industrial group ABB to buy U.S. solarenergy company Power-One Inc (notified June 17/deadlineJuly 22)

JULY 23

-- US Airways Group and American Airlines to merge (notified June 18/deadline July 23)

JULY 24

-- German car parts supplier Mahle to increase its majoritystake in German peer Behr KG (notified June19/deadline July 24/simplified)

JULY 25

-- Carrier Asia, which is a subsididary of UnitedTechnologies Corp, and Toshiba Carrier Corporation,which is a joint venture between UTC and Toshiba Corp,to set up an air-conditioning products joint venture in China(notified June 20/deadline July 25/simplified)

-- German insurer Allianz and Canadian investorBorealis to buy Czech gas pipeline operator Net4Gas fromGermany's RWE AG (notified June 20/deadline July25/simplified)

-- German insurer Allianz SE and others to buy RWEAG's Czech gas pipeline operator business Net4Gas(notified June 20/deadline July 25/simplified)

-- Carlyle Group to buy 40 percent of AlpInvest(notified June 20/deadline July 25/simplified)

JULY 26

-- Private equity firm Blackstone Group to buyproperty developer Multi Corp (notified June 21/deadline July26/simplified)

-- Canadian pension funds OMERS and AimCo to acquire jointcontrol of European cinema operator Vue EntertainmentInternational Ltd (notified June 21/deadline July 26)

JULY 29

-- Investment bank Goldman Sachs and financial servicescompany Gavea Investimentos to acquire joint control of LatinAmerican telecoms services company Cell Site Solutions Cessao deInfraestruturas S.A. (notified June 24/deadline July29/simplified)

JULY 31

-- Dubai state-owned aluminium producer Dubal Aluminium,which is a subsidiary of the Investment Corp of Dubai, and AbuDhabi state-owned Emirates Aluminium, which is owned by MubadalaDevelopment Company, to merge (notified June 26/deadline July31/simplified)

AUG 1

-- Private equity fund Cinven to buy German ceramic productsmaker CeramTtec from U.S. chemicals company Rockwood Holdings (notified June 27/deadline Aug. 1/simplified)

AUG 2

-- U.S. grain trader Archer Daniels Midland Co tobuy Australian grain handler GrainCorp Ltd (notifiedJune 28/deadline Aug. 2/simplified)

SEPT 3

-- Greek carrier Aegean Airlines to buy OlympicAir (notified Feb. 28/deadline extended for the secondtime to Sept. 3 from April 23 after the Commission opened anin-depth investigation)

SEPT 6

-- Swedish refiner Nynas to purchase certain assets fromRoyal Dutch Shell's Harburg refinery (notified Feb.19/deadline extended for the second time to Sept. 6 from Aug. 8)

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)

More News
21 Dec 2021 12:00

Oman's gas project for block 10 in Saih Rawl filed is expected to reach production of 0.5 bln cubic feet per day - ministry

Cairo, Dec 21 (REUTERS) - Oman's energy ministry said on Tuesday that the gas project for block 10 in the Saih Rawl gas field is expected to reach production of 0.5 billion cubic feet of gas per day.It added on Twitter that the project start up is...

Read more
21 Dec 2021 09:41

UPDATE 2-European shares rebound from Monday sell-off as energy stocks, miners jump

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* ING to quit French retail banking business* Sanofi's $1 bln Amunix buyout to add to drugmaker's pipeline* European chipmakers rise on Micr...

Read more
20 Dec 2021 11:27

Britain consults on climate checks for new oil and gas licences

LONDON, Dec 20 (Reuters) - Britain on Monday called for views on potential checks for new oil and gas licences to assess whether projects are in line with the country’s climate commitments.Britain has a target to reach net zero emissions by 2050 a...

Read more
20 Dec 2021 09:54

UPDATE 2-UK shares fall as Omicron concerns hit commodity, travel stocks

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Standard Chartered fined $61.51 mln for regulatory lapses* Oil, metal prices fall as Omicron fuels demand worries* FTSE 100 down 1.0%, FTSE...

Read more
17 Dec 2021 17:04

LONDON MARKET CLOSE: FTSE 100 outperforms Europe as Omicron cases rise

LONDON MARKET CLOSE: FTSE 100 outperforms Europe as Omicron cases rise

Read more
17 Dec 2021 16:35

UPDATE 4-Brazil's oil auction raises $2 billion as Total, Shell pile in

(Adds comments from analyst, TotalEnergies)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - France's TotalEnergies , Royal Dutch Shell, Malaysia's Petronas and Qatar Energy on Friday scooped up big offshore field...

Read more
17 Dec 2021 16:35

UPDATE 3-Brazil's offshore field raise $2 billion as Total, Shell pile in

(Adds details on production, updates share prices)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - France's TotalEnergies , Royal Dutch Shell, Petrobras, Malaysia's Petronas and Qatar Energy scooped up big offsho...

Read more
17 Dec 2021 16:35

UPDATE 2-Total, Shell pile into Brazil's offshore fields in $2 billion sale

(Adds details on bids, adds analyst comment)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - TotalEnergies SE , Royal Dutch Shell PLC, Petrobras, Petronas and Qatar Energy scooped up two blockbuster offshore fiel...

Read more
17 Dec 2021 16:35

UPDATE 1-Foreign oil firms pile into Brazil's offshore fields in $2 billion sale

(Updates with results of auction)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - Petrobras, Petronas, TotalEnergies SE, Royal Dutch Shell and Qatar Energy scooped up two blockbuster offshore fields in Brazil on ...

Read more
17 Dec 2021 11:24

Just Eat adds Asda to platform, first UK partnership in grocery sector

Just Eat adds Asda to platform, first UK partnership in grocery sector

Read more
17 Dec 2021 11:00

Top oil majors set for 2nd shot at coveted Brazil 'pre-salt' offshore fields

By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - The world's top oil majors will compete in Brazil on Friday for the chance to snatch up some of the world's most coveted offshore oilfields, a test of the nation'...

Read more
17 Dec 2021 09:52

IN BRIEF: Smart Metering extends exclusivity agreement with Shell

IN BRIEF: Smart Metering extends exclusivity agreement with Shell

Read more
17 Dec 2021 07:59

Just Eat strikes first British grocery deal with Asda

AMSTERDAM, Dec 17 (Reuters) - Just Eat Takeaway.com said on Friday it had struck a deal with British supermarket group Asda to sell groceries through its delivery platform.The deal, Just Eat's first with a major British supermarket chain, comes a...

Read more
17 Dec 2021 07:51

LONDON MARKET PRE-OPEN: UK retail sales up; Johnson Matthey sells unit

LONDON MARKET PRE-OPEN: UK retail sales up; Johnson Matthey sells unit

Read more
16 Dec 2021 22:13

UPDATE 3-Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico's Pemex

(Adds bakground from Pemex source)By Stefanie Eschenbacher and Erwin SebaMEXICO CITY/HOUSTON, Dec 16 (Reuters) - Royal Dutch Shell on Thursday confirmed a Reuters report that the sale of its controlling interest in a Texas refinery to Mexican state...

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.