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
16 Dec 2021 22:13

UPDATE 2-Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico's Pemex

(Adds approval expected by Jan. 13)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 stat...

Read more
16 Dec 2021 14:42

Latin American oil auctions kick off after two-year lull

* 11 firms registered to bid in Brazil's auction on Friday* Competition expected to be fiercest since 2018* Seven Latin American nations to hold auctions in 2022-2023By Marianna Parraga and Sabrina ValleHOUSTON, Dec 16 (Reuters) - Latin America's oil...

Read more
15 Dec 2021 12:16

Five companies seek to develop CO2 storage off Norway

OSLO, Dec 15 (Reuters) - Five companies have applied to build carbon dioxide (CO2) storage on the Norwegian continental shelf, the country's oil and energy ministry said on Wednesday.The ministry proposed in September two offshore areas, one in th...

Read more
15 Dec 2021 10:10

UPDATE 2-FTSE dips as inflation surges to 10-year high

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* IAG down on plans to cancel Air Europa acquisition* Rentokil falls for second day on M&A plans* Inflation jumped to 5.1% in Nov vs. 4.2% in...

Read more
15 Dec 2021 09:33

LONDON BROKER RATINGS: BofA starts Pod Point at Buy; Barclays cuts DCC

LONDON BROKER RATINGS: BofA starts Pod Point at Buy; Barclays cuts DCC

Read more
14 Dec 2021 09:40

LONDON BROKER RATINGS: JPMorgan raises Experian, cuts BAE Systems

LONDON BROKER RATINGS: JPMorgan raises Experian, cuts BAE Systems

Read more
13 Dec 2021 16:10

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
13 Dec 2021 11:48

Brazil's oil regulator approves Mero oilfield production agreement

SAO PAULO, Dec 13 (Reuters) - Brazilian state-run oil company Petrobras said on Monday that the country's oil regulator ANP has approved a production agreement for the Mero oilfield, deciding on which stake of its oil and gas output will be hold ...

Read more
13 Dec 2021 10:16

UPDATE 2-Energy, bank stocks drag London's FTSE 100; Omicron fears weigh

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Purplebricks plunges after delaying results* SThree drops as CEO steps down* FTSE 100 down 0.8%, FTSE 250 off 1.2% (Updates to close)By Ba...

Read more
13 Dec 2021 07:22

Qatar Energy acquires 17% stake in Shell-operated concessions in Egypt

DUBAI, Dec 13 (Reuters) - Qatar Energy will acquire a 17% stake in two Shell-operated concessions (Block 3 and Block 4) in Egypt's Red Sea region, Shell Egypt said on Monday.Shell will remain the main operator of the concessions, Shell Egypt's st...

Read more
12 Dec 2021 14:00

Activist group targets Exxon with shareholder climate resolution

* Follow This targets Exxon for first time* Dutch group also targets other energy companiesBy Ron Bousso and Sabrina ValleLONDON, Dec 12 (Reuters) - Climate activist group Follow This targeted Exxon Mobil Corp with a shareholder resolution urging i...

Read more
10 Dec 2021 23:26

UPDATE 1-Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

(Adds no reply from company)HOUSTON, Dec 10 (Reuters) - Royal Dutch Shell Plc was restarting on Friday the crude distillation unit (CDU) at its 230,811 barrel-per-day (bpd) Norco, Louisiana, refinery after completing repairs from Hurricane Ida, sa...

Read more
10 Dec 2021 20:44

Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

HOUSTON, Dec 10 (Reuters) - Royal Dutch Shell Plc was restarting on Friday the crude distillation unit (CDU) at its 230,811 barrel-per-day (bpd) Norco, Louisiana, refinery after completing repairs from Hurricane Ida, said sources familiar with pl...

Read more
10 Dec 2021 16:57

Can we still be friends? Shell sends Dutch PM parting note

By Toby SterlingAMSTERDAM, Dec 10 (Reuters) - On the day that shareholders of Royal Dutch Shell PLC voted to move the company's headquarters to London https://www.reuters.com/markets/europe/royal-dutch-shell-plc-shareholders-set-approve-move-london...

Read more
10 Dec 2021 15:29

Belarus oil firm cancels 2022 exports to Germany after EU sanctions - traders

MOSCOW, Dec 10 (Reuters) - Belarusian oil company Belorusneft has cancelled its 2022 export plans to Germany via the Druzhba pipeline following new European Union sanctions on the company, three traders familiar with the matter said on Friday.On ...

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.