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EU mergers and takeovers (Sept 2)

Wed, 02nd Sep 2015 11:21

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

APPROVALS AND WITHDRAWALS

-- British support services provider DCC Group toacquire French gas company Butagaz from Anglo Dutch oil companyRoyal Dutch Shell (approved Sept. 1)

NEW LISTINGS

None

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

SEPT 2

-- Anglo-Dutch oil major Royal Dutch Shell toacquire BG Group (notified July 29/deadline Sept. 2)

-- South African paper maker Mondi toacquire some assets from portfolio company Walki (notified July29/deadline Sept. 2)

SEPT 9

-- U.S. grain trader Archer Daniel Midland toacquire Belgian vegetable oil distributor AOR NV (notified Aug.5/deadline Sept. 9)

SEPT 10

-- Buyout group KKR to acquire majority stake inGerman fibre-optic network operator Deutsche Glasfaser (notifiedAug. 6/deadline Sept. 10/simplified)

SEPT 11

-- U.S. conglomerate General Electric to acquire mostof French engineering group Alstom's power equipmentbusiness (notified Jan. 19/deadline extended for third time toSept. 11 from Aug. 21)

SEPT 14

-- Singapore-listed palm oil processor Wilmar International and Italian oil products company Fox PetroliferaItaliana SpA to set up a joint venture (notified Aug.10/deadline Sept. 14/simplified)

-- BPIFrance and Springwater Capital LLC to acquire jointcontrol of French paper producer Delion France (notified Aug.10/deadline Sept. 14/simplified)

-- Naxicap Partners and Fonds Avenir Automobile to acquirejoint control of French car parts maker Defta Group (notifiedAug. 10/deadline Sept. 14/simplified)

SEPT 16

-- Private equity firm CVC Capital Partners to acquireenergy company PKP Energetyka (notified Aug. 12/deadline Sept.16/simplified)

-- Private equity firms Advent International, Bain Capitaland Clessidra to jointly acquire Italian banking servicescompany ICBPI (notified Aug. 12/deadline Sept. 16)

-- Chinese state-owned food firms Bright Food Group CoLtd to acquire Spanish holding company Invermik SA(notified Aug. 12/deadline Sept. 16/simplified)

SEPT 17

-- Kuwait Investment Authority (KIA) and Spanish energygroup Gas Natural to acquire joint control of GlobalPower Generation (notified Aug. 13/deadline Sept. 17/simplified)

-- Buyout group KKR to acquire German cutlery andcoffee-machine maker WMF together with Austrianholding company FIBA (notified Aug.13/deadline Sept. 17)

SEPT 18

-- U.S. distressed investment fund Apollo to acquiremajority stake in steel trader Stemcor (notified Aug.14/deadline Sept. 18/simplified)

-- Japanese insurer Tokio Marine Holdings Inc tobuy U.S. specialty insurer HCC Insurance Holdings Inc (notified Aug. 14/deadline Sept. 18/simplified)

-- Groupe Acticall to acquire customer relationshipmanagement company Sitel (notified Aug. 14/deadline Sept.18/simplified)

-- Dutch chipmaker NXP to acquire U.S. peerFreescale (notified July 31, deadline extended to Sept.18 from Sept. 4 after NXP offered concessions)

SEPT 21

-- Pfizer to acquire British drugmakerGlaxoSmithKline's menACWY meningitis vaccine business(notified Aug. 17/deadline Sept. 21)

-- Cable telecoms company Liberty Global's Belgiansubsidiary Telenet to buy mobile network operator Basefrom Dutch group KPN (notified Aug. 17/deadline Sept.21)

-- European private equity group Cinven to buymajority stake in German laboratory operator Synlab from BCPartners (notified Aug. 17/deadline Sept.21/simplified)

SEPT 23

-- Indian vehicle maker Mahindra & Mahindra andJapan's Mitsubishi Heavy Industries to acquire jointcontrol of Mitsubishi Agricultural Machinery Co. Ltd, which isnow solely owned by Mitsubishi Heavy Industeis (notified Aug.19/deadline Sept. 23/simplified)

SEPT 24

-- British private equity firm Equistone Partners Europe toacquire German apparel retailer TriStyle Mode (notified Aug.20/deadline Sep. 24/simplified)

SEPT 25

-- U.S. office supplier Staples to acquire U.S.rival Office Depot (notified Aug. 21/deadline Sept. 25)

-- Chinese investment group Fosun to acquire solecontrol of wealth management group BHF-Kleinwort Benson Group SA (notified Aug. 21/deadline Sept. 25/simplified)

SEPT 28

-- Apollo Global Management LLC to acquire magneticand battery technologies company OM Group Inc (notifiedAug. 24/deadline Sept. 28)

SEPT 30

-- Brazilian meat packer JBS SA to acquireBritish company Moy Park, which is a unit of Brzilian rivalMarfrig Global Foods SA (notified Aug. 26/deadlineSept. 30/simplified)

OCT 1

-- Australian packaging products supplier Amcor andSwiss-based company Sidel, which is part of Swiss-based packagerTetra Laval, to set up a joint venture (notified Aug.27/deadline Oct. 1/simplified)

-- South African company Barloworld Handling and Germanfarming products supplier BayWa to set up a jointventure in Zambia (notified Aug. 27/deadline Oct. 1/simplified)

OCT 2

-- Spanish builder Sacyr to acquire a 50 percent stake inFluor Spain from U.S. engineering group Fluor Corp (notified Aug. 28/deadline Oct. 2/simplified)

OCT 7

-- Norwegian telecoms company Telenor and Swedishpeer TeliaSonera to combine their Danish mobilebusinesses (notified Feb. 27/deadline extended to Oct. 7 fromSept. 16 after the companies offered commitments)

DEC 9

-- U.S. drinks can maker Ball Corp to acquireBritish rival Rexam Plc (notified June 15/deadlineextended to Dec. 9 from Nov. 25)

JAN 13

-- U.S. packages delivery company FedEx to acquireDutch peer TNT (notified July /deadline extended toJan. 13 from Dec. 8 after the companies asked for more time)

SUSPENDED

-- Oilfield services provider Halliburton to buyrival Baker Hughes in a stock and cash transaction(notified July 23/deadline suspended after the companiesprovided insufficient information)

-- SOCAR, Azerbaijan's state energy company, to buy stakesin Greek natural gas grid operator DESFA from Greek natural gasutility DEPA (notified Oct. 1/deadline suspended on Jan. 21)

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. (Compiled by Foo Yun Chee)

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