Less Ads, More Data, More Tools Register for FREE

Pin to quick picksREX.L Share News (REX)

  • There is currently no data for REX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU mergers and takeovers (June 21)

Tue, 21st Jun 2016 12:13

BRUSSELS, June 21 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

-- Private equity firms the Carlyle Group andCrestview Advisors to jointly acquire U.S. sports andentertainment event production company NEP Group (approved June 20)

-- Buyout firms Bain Capital and Vista Equity Partners tojointly acquire U.S. insurance software supplier Vertafore (approved June 20)

-- Hon Hai Precision, also known as Foxconn,intends to buy a majority of Japanese electronics company Sharp (approved June 20)

-- Dublin-based support services group DCC Holding to acquire retail fuel and aviation fuel provider Dansk Fuels(approved June 20)

-- European packaging maker Ardagh to acquiresome facilities from beverage can makers Ball and Rexam (approved June 17)

-- Dutch dredging company Boskalis to acquirecontrol of maritime services company VolkerWesselsOffshore fromReggeborgh (approved June 16)

-- Innovation Network Corp Japan, Japan's Sumitomo ChemicalCo and Sekisui Chemical Co to set up a jointventure (approved June 16)

-- Nippon Telegraph and Telephone Corp to acquireDell's IT services unit (approved June 14)

NEW LISTINGS

-- Finnish crane maker Konecranes to acquire U.S.crane maker Terex's cranes business for ports andfactories (MHPS) (deadline June 17/deadline July 25)

-- U.S. private equity firm Warburg Pincus andFrench investment firm Wendel to set up a jointventure (notified June 17/deadline July 25/simplified)

-- Spanish online bank Bancopopular-e, which is 49-percentowned by Banco Popular Espanol, to acquire Portugueselender Banco Popular Portugal's payment cards' buisness(notified June 16/deadline July 22/simplified)

-- Private investment company Maxburg Investments II GmbH &Co and VR Equity Partner to jointly acquire German fabricproducer Norafin Verwaltungs GmbH (notified June 16/deadlineJuly 22/simplified)

-- Investment bank Goldman Sachs and Deutsche Bank to jointly acquire some assets from National Bank ofGreece (notified June 16/deadline July 22/simplified)

-- U.S. private equity firm AEA to acquire Danish freightforwarder Scan Global Logistics (notified June 15/deadline July20/simplified)

-- Private investor firms Partners Group and InfraredCapital Partners to jointly acquire Merkur Offshore (notifiedJune 15/deadline July 20/simplified)

-- French drugmaker Sanofi to acquire Germanycompany Boehringer Ingelheim's consumer healthcare business(notified June 15/deadline July 20)

-- British mobile telephony operator Vodafone andU.S. cable company Liberty Global to merge their Dutchoperations (notified June 14/deadline July 19)

EXTENSIONS AND OTHER CHANGES

-- French company Plastic Omnium to acquire Frenchcar parts maker Faurecia's auto exteriors business(notified May 23/deadline extended to July 11 from June 27 afterOmnium offered concessions)

-- U.S. rail equipment maker Wabtec Corp to acquireFrench peer Faiveley Transport SA (notified April4/deadline extended for the second time to Oct 18 from Sept. 20)

FIRST-STAGE REVIEWS BY DEADLINE

JUNE 27

-- Hotel chain Marriott International to acquireStarwood Hotels & Resorts (notified May 23/deadline June27)

JUNE 28

-- World Fuel Services Corp to acquire ExxonMobil's fueling business at 83 airports (notified May24/deadline June 28)

JUNE 29

-- Private equity firm Advent International to acquire NewZealand resins and coating company Nuplex Industries (notified May 25/deadline June 29)

JULY 1

-- M&G Alternatives Investment Management, a unit of UKinsurer Prudential plc, and U.S. private equity firmAnchorage Capital Group to jointly acquire UK services providerPHS Group Investments (notified May 27/deadline July1/simplified)

-- Private equity firm Cinven Capital Management and theCanada Pension Plan Investment Board to jointly acquireaccomodation and travel services company Hotelbeds Group fromGerman travel group TUI AG (notified May 27/deadlineJuly 1/simplified)

JULY 4

-- Private equity firms TPG Capital and Partners Group tojointly acquire shopping centers and retail parks in Italy andSpain from TH Real Estate (notified May 30/deadline July4/simplified)

-- German industrial company Freudenberg to acquire solecontrol of German maker of car vibration control technologyVibracoustic, which it now jointly controls with Swedishindustrial rubber company Trelleborg (notified May30/deadline July 4/simplified)

JULY 6

-- U.S. generic drugmaker Mylan to acquire Swedishpeer Meda (notified June 1/deadline July 6)

-- Private equity firm Silver Lake Group to acquire solecontrol of French IT services provider Cegid (notifiedJune 1/deadline July 6/simplified)

JULY 7

-- German agricultural commodities cooperative Agravis toacquire a minority stake in German palm products and animal feedtrading house H. Boegel from Singapore-listed commodities groupWilmar International (notified June 2/deadline July 7)

-- Spanish bank Banco Santander to acquire some ofPortuguese lende Banif's assets (notified June 2/deadline July7)

JULY 11

-- British insurer Aviva Group and Credit MutuelInsurance Group to acquire joint control of an office buildingin Paris, France (notified June 6/deadline July 11/simplified)

JULY 13

-- French conglomerate Bouygues, French airportdeveloper Aeroports de Paris and infrastructure project investorMeridiam to acquire joint control of Ravinala Airports whichwill develop and maintain airports in Madagascar (notified June8/deadline July 13/simplified)

-- German company Boehringer Ingelheim to acquire Frenchpharmaceutical company Sanofi's animal health buisness(notified June 8/deadline July 13)

JULY 14

-- UK packaging maker RPC Group to acquire BritishPolythene Industries (notified June 9/deadline July14/simplified)

-- Spanish online bank Bancopopular-e, which is 49 percentowned by Banco Popular Espanol, to acquire UK lenderBarclays' consumer payments business in Portugal andSpain (notified June 9/deadline July 14/simplified)

JULY 15

-- U.S. company Verizon Communications and U.S.publisher Hearst Corp to jointly acquire U.s. digital mediacompany Complex (notified June 10/deadline July 15/simplified)

-- Private equity firm PIA Partners-owned R&R Ice Cream andNestle to set up a joint venture to sell ice cream andfrozen food (notified June 10/deadline July 15)

-- Polish investment company Kulczyk Holding S.A. andconstruction company Strabag Sp. z.o.o., which is a unit ofAustrian construction group Strabag SE, to set up ajoint venture (notified June 10/deadline July 15/simplified)

JULY 19

-- Dutch investment company NPM Capital and Thijs HendrixBeheer B.V. to jointly acquire animal and fish breeder HendrixGenetics, which is now controlled by Thijs Hendrix Beheer(notified June 14/deadline July 19/simplified)

AUG 10

-- Airbus Safran Launchers, a 50/50 joint venture betweenAirbus and Safran, to acquire sole control ofsatellite group Arianespace (notified on Jan. 8/deadlineextended to Aug. 10 from July 27/concessions offered May 4)

SEPT 8

-- CK Hutchison Holdings Ltd and Vimpelcom to merge their Italian mobile operations (notified Feb.5/deadline extended to Sept. 8 from Aug 18)

SUSPENDED

-- 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 Commissionopens a detailed second-stage investigation for up to 90additional working days, which it may extend to 105 workingdays.

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)

More News
5 Feb 2015 11:04

Can maker Rexam's shares jump on rumours of private equity interest

By Esha Vaish Feb 5 (Reuters) - Shares in Rexam Plc, the world's second-largest beverage can maker by revenue, rose as much as 12 percent after two UK newspapers reported there was market chatter about U.S. private equity firms' potential interest in the company. The Independent said

Read more
5 Feb 2015 09:20

BUZZ-Rexam: enters fourth day of recovery off 2-yr lows

** Rexam enters its fourth straight day of gains, rising as much as 11.6 pct in heavy volumes ** Stock up 17.7 pct since hitting two-year lows on Jan. 30. Chart: http://link.reuters.com/zuj93w ** Most-traded on Stoxx 600 by average volumes, with nearly twice the 30-day average traded

Read more
22 Jan 2015 15:03

Rexam acquires 51% of United Arab Can Manufacturing Limited

Beverage can maker Rexam has completed the acquisition of a 51% stake in beverage can maker United Arab Can Manufacturing Limited. The FTSE 250 group did not provide any financial details on the deal, which was originally announced in February 2014. On Thursday, the group had its target price lower

Read more
22 Jan 2015 09:47

UK BROKER RATINGS: Credit Suisse Raises RSA Insurance To Outperform

Read more
15 Jan 2015 08:25

UK MORNING BRIEFING: Resources Shares Lead London Rebound

Read more
15 Jan 2015 07:43

Rexam Invests In Panama Beverage Can Plant Supplying SABMiller

Read more
15 Jan 2015 07:31

Beverage can maker Rexam jointly buys Panamanian business Endelis

Jan 15 (Reuters) - Rexam Plc, the world's second largest beverage can maker in terms of revenue, said it has completed investment in Panamanian single-line beverage can plant Envases Del Istmo SA (Endelis) jointly with Envases Universales de Mexico (EUM). Rexam, which makes 20 percent of wo

Read more
15 Jan 2015 07:01

Rexam announces Central America expansion

Beverage cans producer Rexam has completed an investment in Envases Del Istmo SA (Endelis), a single line beverage can plant in Colón, Panama. Under the deal, which was carried out in partnership with Envases Universales de Mexico (EUM), Rexam will now have access to long-term supply agreements with

Read more
9 Dec 2014 07:48

Baby goods retailer Mothercare appoints new CFO

Dec 9 (Reuters) - Mothercare Plc said it appointed Richard Smothers as chief financial officer, replacing Matt Smith who would leave the company in January. Smothers was most recently director of group finance at beverage can maker Rexam Plc and will join Mothercare on March 23, the company

Read more
14 Nov 2014 10:06

UK BROKER RATINGS: Shore Capital Initiates TSB With Buy

Read more
13 Nov 2014 15:50

FTSE 250 movers: St. Modwen climbs as Electrocomponents slides

St. Modwen Properties rose after announcing that its 50/50 joint-venture French partner Vinci has been granted planning permission to redevelop the 57-acre New Covent Garden Market site in south London. The major 10-year project will see the delivery of over 500,000 square feet of new state-of-the-a

Read more
13 Nov 2014 15:12

Broker tips: Tullow Oil, Standard Life, Wolseley, Rexam

Westhouse Securities has lifted its stance on oil explorer Tullow Oil from 'add' to 'buy', hailing the potential of the company's portfolio of assets. The broker said it now sees "substantial upside" to the stock, with shares now worth just over half of what they were six months ago. However, it has

Read more
13 Nov 2014 13:06

UK MIDDAY BRIEFING: LSE Profits Helped By Buoyant IPO Market

Read more
13 Nov 2014 11:47

London midday: UK stocks buoyed by central-bank speculation

UK stocks rebounded on Thursday, heading for their highest close in over six weeks, as markets shrugged off disappointing economic data in China and were buoyed by speculation that policymakers will take action to avert a global slowdown. The FTSE 100 was up 0.3% at 6,634 by midday - it has not clos

Read more
13 Nov 2014 11:39

UK WINNERS & LOSERS: London Stock Exchange Leads FTSE 100 Higher

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.