The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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 (June 3)

Mon, 03rd Jun 2013 15:02

BRUSSELS, June 3 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- Brazilian investment fund 3G Capital, and BerkshireHathaway to acquire joint control of U.S. ketchup makerH.J. Heinz Co (approved June 3)

-- Canada Life, which is a subsidiary of Canadian lifeinsurer Great-West Lifeco, to acquire Irish Life(approved May 31)

NEW LISTINGS

-- Shell to buy some liquified natural gas assetsfrom Spanish oil company Repsol (notified May31/deadline July 5/simplified)

-- 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)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

JUNE 4

-- Syral China Investment, which is part of TereosInternational, and Wilmar China New Investments,which is a unit of the Wilmar group, to acquire joint control ofLiaoning Jinxin Biology & Chemistry which is now solely owned byWilmar (April 24/deadline June 4/simplified)

JUNE 6

-- Swiss chocolate maker Barry Callebaut to buy thecocoa business of Singaporean group Petra Foods (notified April 26/deadline June 6)

-- Austrian chemical company Borealis to buy French oilgiant Total's GPN fertiliser business and a majoritystake in Belgium-based Rosier (notified April 26/deadline June6)

JUNE 7

-- Russian dairy producer OJSC Unimilk Co, which iscontrolled by French food group Danone Group, andFrench logistics company NDL International, which is controlledby French transport group Norbert Dentressangle, toform a logistics joint venture (notified April 29/deadline June7/simplified)

-- Dutch staffing company Randstad to acquire someof Dutch peer USG People NV's assets (notified April29/deadline June 7)

-- Private equity firms Lion Capital and Avedon CapitalPartners to acquire joint control of Dutch snack producer AD VanGeloven Holding (notified April 29/deadline June 7/simplified)

JUNE 11

-- Qatar Investment Authority and Qatar state-owned hotelgroup Kingdom Holding Company to acquire joint control of FRHIHoldings which owns hotels in Paris and Singapore (notified May2/deadline June 11/simplified)

-- Private equity investor Nordic Capital to buy Unicornwhich owns marine transport services company Unifeeder A/S(notified May 2/deadline June 11/simplified)

-- Private equity firm KKR to acquire indirectcontrol of French clothing retailer SMCP (notified May2/deadline June 11/simplified)

-- French construction group Vinci to buyPortuguese airports operator Aeroportos de Portugal (ANA)(notified May 2/deadline June 11)

JUNE 14

-- Diversified U.S. manufacturer Honeywell InternationalInc. to acquire mobile computing device maker Intermec For $600 million (notified Feb. 15/deadline June 14)

JUNE 17

-- U.S. media group Time Warner to acquire solecontrol of TV operator Central European Media Enterprises inwhich it currently holds a stake (notified May 8/deadline June17)

-- Private equity firm CVC to acquire sole control of Germanenergy services company ista GmbH (notified May 8/deadline June17/simplified)

JUNE 18

-- 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 (notified May 13/deadline June 18)

JUNE 19

-- U.S. technology services company IBM's Italianunit to acquire a new company set up from a business owned byUnicredit Business Integrated Solutions S.c.p.a, part of Italianbank UniCredit S.p.A. (notified May 14/deadline June19)

-- German investor Joh A Benckiser (JAB) to buy Dutch coffeeand tea maker D.E. Master Blenders 1753 (notified May14/deadline June 19/simplified)

JUNE 20

-- U.S. carrier Delta Air Lines to buy a 49 percentstake in British peer Virgin Atlantic (notified May15/deadline June 20)

-- Dell Chief Executive Michael Dell and private equity firmSilver Lake Partners to buy out personal computer maker Dell Inc (notified May 15/deadline June 20)

JUNE 24

-- U.S. derivatives and exchange and clearinghouse operatorIntercontinentalExchange Inc to buy New York StockExchange operator NYSE Euronext (notified May17/deadline June 24)

-- Private equity firm Triton to buy recycling companyBefesa from Spanish renewable energy and infrastructure companyAbengoa (notified May 17/deadline June 24/simplified)

JUNE 26

-- Spanish book retailer Circulo, which is a joint venturebetween German media group Bertelsmann and Spanishcompany Planeta, to acquire joint control of its wholly-ownedsubsidiary book seller Yadican together with Spanish telecomsoperator Telefonica (notified May 22/deadline June26/simplified)

JUNE 27

-- Trading house Argos to buy French energy product retailerEtablissements Joseph Wallach S.A.S (notified May 23/deadlineJune 27)

-- Energy trading house Argos Group Holding B.V. to buyFrench petrol product retailer Etablissements Joseph WallachS.A.S. (notified May 23/deadline June 27)

JUNE 28

-- Fonds Stratsgique d'Investissement S.A., which iscontrolled by French investment fund Caisse des Depots etConsignations, to acquire joint control of shipping servicesprovider CMA CGM together with industrial group Yildirim HoldingA.S. and holding company Merit Corporation (notified May24/deadline June 28)

-- Private equity firms Bain Capital and Golden Gate Capitalto acquire joint control of U.S. business software maker BMCSoftware Inc (notified May 24/deadline June28/simplified)

-- Investment bank Goldman Sachs and financialservices company Thomas H. Lee Partners to acquire joint controlof processed food producer CTI Foods (notified May 24/deadlineJune 28/simplified)

-- Yamaha Motor Co Ltd and Kayaba Industry Ltd to set up a joint venture in Japan to make motorcyclesuspension systems (notified May 24/deadline June 28/simplified)

JULY 2

-- U.S. food and grain-handling companies ConAgra Foods, Cargill and CHS to combine theirNorth American flour milling businesses to be called ArdentMills (notified May 28/deadline July 2/simplified)

-- Giant U.S. food and grain-handling companies ConAgraFoods Inc, Cargill and CHS Inc tocombine their North American flour milling businesses into a newventure Ardent Mills, that would control more than a third ofU.S. capacity (notified May 28/deadline July 2/simplified)

-- French private equity firm PAI Partners to buy R&R IceCream from rival Oaktree Capital (notified May 28/deadline July2/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.

More News
20 Jan 2022 12:01

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

Read more
20 Jan 2022 09:54

UPDATE 2-Oil stocks, GSK weakness pull FTSE 100 lower; Deliveroo jumps

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deliveroo fourth-quarter order growth jumps* Premier Foods top midcap gainer on strong profit outlook* Unilever abandons plan to buy GSK's ...

Read more
19 Jan 2022 21:37

Shell to carry out Pernis, Netherlands oil refinery maintenance until end of June

AMSTERDAM, Jan 19 (Reuters) - Royal Dutch Shell said on Wednesday it plans to carry out major maintenance work at its Pernis oil refinery in the Netherlands in the coming five months."We will inspect a large number of installations from the insid...

Read more
19 Jan 2022 08:56

LONDON MARKET OPEN: FTSE 100 steady despite UK inflation intensifying

LONDON MARKET OPEN: FTSE 100 steady despite UK inflation intensifying

Read more
18 Jan 2022 17:05

LONDON MARKET CLOSE: Stocks fall on worries over higher interest rates

LONDON MARKET CLOSE: Stocks fall on worries over higher interest rates

Read more
18 Jan 2022 13:08

UPDATE 1-Norway awards 53 new petroleum production licences

(Adds detail, quotes)OSLO, Jan 18 (Reuters) - Norway awarded 53 new petroleum production licences on the Norwegian continental shelf in the latest licensing round for mature areas, the oil and energy ministry said on Tuesday.Stakes were offered to...

Read more
18 Jan 2022 13:00

Angry investors seek to appoint board member to Third Point UK fund

LONDON, Jan 18 (Reuters) - Activist investors in Third Point's London-listed fund want independent director Richard Boleat appointed to the board to improve corporate governance, they said in a letter to shareholders on Tuesday.Third Point Investo...

Read more
18 Jan 2022 12:51

UPDATE 2-Climate activists lose court case against UK oil regulator

(Adds reaction from government minister)By Shadia NasrallaLONDON, Jan 18 (Reuters) - A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's ...

Read more
18 Jan 2022 12:51

UPDATE 1-Climate activists lose court case against UK oil regulator

(Add climate activists' response)By Shadia NasrallaLONDON, Jan 18 (Reuters) - A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's actions...

Read more
18 Jan 2022 12:14

LONDON MARKET MIDDAY: Markets red as inflation worries return to fore

LONDON MARKET MIDDAY: Markets red as inflation worries return to fore

Read more
18 Jan 2022 09:44

LONDON BROKER RATINGS: Goldman Sachs raises BT to Conviction Buy

LONDON BROKER RATINGS: Goldman Sachs raises BT to Conviction Buy

Read more
18 Jan 2022 09:03

LONDON MARKET OPEN: FTSE 100 slips despite oil boosting BP and Shell

LONDON MARKET OPEN: FTSE 100 slips despite oil boosting BP and Shell

Read more
17 Jan 2022 10:33

UPDATE 2-Oil majors, Iberdrola among winners set to harness Scottish wind

(Updates throughout)By Nina ChestneyLONDON, Jan 17 (Reuters) - Utility Iberdrola and oil majors BP and Shell are among companies offered seabed rights to develop offshore wind projects in the first tender of its kind in over a decade, Crown Estate...

Read more
17 Jan 2022 10:33

UPDATE 3-Scottish wind sale nets nearly $1 billion with Shell, BP among winners

(Adds comment from Shell, BP, analysts)By Nina ChestneyLONDON, Jan 17 (Reuters) - BP, Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pou...

Read more
17 Jan 2022 10:33

UPDATE 1-Crown Estate Scotland offers 17 projects seabed rights for offshore wind

(Adds more detail)By Nina ChestneyLONDON, Jan 17 (Reuters) - Crown Estate Scotland said on Monday it has offered seabed right agreements to 17 projects in its ScotWind leasing round which is aimed at supporting wind energy development.Out of 74 ap...

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.