If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

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 (May 20)

Fri, 20th May 2016 10:48

BRUSSELS, May 20 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- U.S. private equity firm Starwood Capital Group and BancoSabadell to set up a joint venture to invest inhotels(approved May 17)

-- Property developer Segro and Canada's Public SectorPension Investment Board to jointly acquire logistics assets inthe Czech Republic and Italy, which are now solely controlled bySegro (approved May 17)

NEW LISTINGS

-- Nippon Telegraph and Telephone Corp to acquireDell's IT services unit (notified May 18/deadline June22/simplified)

-- European packaging maker Ardagh to acquiresome facilities from beverage can makers Ball and Rexam (notified May 18/deadline June 20/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

MAY 24

-- Private equity firm Towerbrook Capital Partners toacquire information provider Infopro Digital (notified April13/deadline May 24)

-- Brewer Anheuser-Busch InBev to acquire rivalSABMiller (notified March 30/deadline extended to May 24from May 4 after AB Inbev offers concessions)

MAY 26

-- U.S. private equity firms Warburg Pincus andGeneral Atlantic, Italian lender Unicredit and Spanishbank Santander to combine the asset management businessof SAM Investment Holdings Limited and Pioneer Global AssetManagement S.p.A.(notified April 15/deadline May 26)

-- HeidelbergCement to acquire Italian peerItalcementi (notified April 1/deadline extended to May26 after HeidelbergCement offered concessions)

MAY 27

-- Finnish retailer Kesko to acquire buildingproducts supplier Onninen (notified April 18/deadline May 27)

MAY 30

-- Private equity firms Bridgepoint and Summit Partners tojointly acquire software provider Calypso Technology Inc.(notified April 19/deadline May 30/simplified)

JUNE 1

-- Investment fund Apollo Management to acquire Portugueseinsurer Acoreana Seguros (notified April 21/deadline June1/simplified)

-- Air transport services provider Norwegian and shippingcompany Shiphold to jointly acquire air crew management servicescompany OSM Aviation (notified April 21/deadline June 1)

JUNE 2

-- Private equity firm Pillarstone, which is indirectlycontrolled by KKR, to acquire Italian engineeringservices provider Sirtl (notified April 22/deadline June2/simplified)

JUNE 3

-- Investment funds Investindustrial V L.P. and CatelliS.r.l. to jointly acquire baby care products maker Artsana(notified April 25/deadline June 3/simplified)

JUNE 8

-- Irish Life to buy Aviva Health and 50.7 percent of sharesin GloHealth that it does not currently own. Both are providersof health insurance in Ireland. (notified April 28/deadline June6)

JUNE 9

-- Canada's Fairfax Financial Holdings andLuxembourg-based holding company OPG, which is part of theOntario Municipal Employees Retirement System Primary PensionPlan, to acquire joint control of Eurolife ERB Insurance GroupHoldings S.A. (notified April 29/deadline June 9/simplified)

-- Banco Bilbao Vizcaya Arentaria Colombia and RCIBanque to set up a joint venture (notified April 29/deadlineJune 9/simplified)

-- U.S. food service distributor Sysco Corp toacquire peer Brakes Group (notified April 29/deadline June 9)

-- Fairfax Holdings Ltd and OPG Commercial Holdings toacquire joint control of Eurolife ERB Insurance Group Holdings(notified April 29/deadline June 9)

JUNE 13

-- Dutch holding company Hal Investments toacquire 20 percent stake in online retailer Coolblue (notifiedon May 3/deadline June 13/simplified)

-- Auto parts maker Johnson Controls to buyIreland-based Tyco International. (notified on May3/deadline June 13/simplified)

JUNE 14

-- Private equity firms 3i Group and Wood Creek CapitalManagement LLC to jointly acquire Wireless Infrastructure Group(notified May 4/deadline June 14/simplified)

-- Hearst Communications Inc and Advance Publications to setup a joint venture (notified May 4/deadline June 14/simplified)

-- France's Credit Mutuel to acquire GE Capital's factoringand equipment financing businesses in France and Germany(notified on May 4/deadline June 14)

JUNE 15

-- Private equity firms Apax Partners and managementservices provider Accenture to acquire joint control ofU.S. insurance software developer Duck Creek Technologies(notified May 10/deadline June 15/simplified)

-- Malaysian state-owned investment fund Khazanah NasionalBhd and Japan's Mitsui & Co to set up a joint venture(notified May 10/deadline June 15/simplified)

-- Private equity firm KKR to acquire indirectcontrol of Airbus' defence electronics unit (notifiedMay 10/deadline June 15/simplified)

-- French biochemicals company Avril and French investmentfund Societes de Projets Industriels to acquire joint control ofbiochemicals producer Evertree (notified April 28/deadline June8/simplified)

-- U.S. industrial products maker ITW to acquireGerman car parts maker ZF TRW Automotives Corp's fasteners and car components business EF&C(notified May 10/deadline June 15)

-- U.S. payments network operator Visa Inc to acquireVisa Europe (notified May 10/deadline June 15/simplified)

JUNE 17

-- Spanish lender Caixabank to acquire Portugal'sBanco BPI (notified May 12/deadline June17/simplified)

-- Swiss-based chemicals company Ineos toacquire full control of UK peer Inovyn (notified May 12/deadlineJune 17/simplified)

-- Danish food company Danish Crown to acquiresole control of meat trader SPF-Denmark (notified May12/deadline June 17/simplified)

JUNE 20

-- Hon Hai Precision, also known as Foxconn,intends to buy a majority of Japanese electronics company Sharp (notified on May 13/deadline June 20)

-- Dublin-based support services group DCC Holding to acquire retail fuel and aviation fuel provider Dansk Fuels(notified on May 13/deadline June 20)

-- PitPoint and Primagaz Nederland to take joint control ofPitPoint LNG, a liquefied natural gas provider in theNetherlands, Luxembourg and Germany (notified on May 13/deadlineJune 20/simplified)

JUNE 25

-- Canadian Pension Plan Investment Board and GlobalInfrastructure Management to acquire joint control of thefreight haulage company Pacific Natonal of Australia's Asciano (notified on May 14/deadline June 25/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)

AUG 18

-- CK Hutchison Holdings Ltd and Vimpelcom to merge their Italian mobile operations (notified Feb.5/deadline extended to Aug 18 from Aug. 10 after the companiesasked for more time)

SEPT 20

-- U.S. rail equipment maker Wabtec Corp to acquireFrench peer Faiveley Transport SA (notified April4/deadline extended to Sept. 20 from May 12 after the EuropeanCommission opened an in-depth investigation)

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 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)

More News
15 Sep 2023 10:17

Trifast appoints former Essentra packaging chief Iain Percival as CEO

(Alliance News) - Trifast PLC on Friday said it has appointed former Essentra PLC packaging chief executive Iain Percival as its new chief executive officer.

Read more
29 Jun 2016 10:36

Rexam Says All Approvals For Takeover By Ball Now Secured (ALLISS)

Read more
28 Jun 2016 18:41

UPDATE 1-Ball wins conditional U.S. approval to buy Rexam

(Adds comment from Ball, background on the deal, divestiture) By Diane Bartz WASHINGTON, June 28 (Reuters) - Ball Corp and Rexam Plc, the world's two largest beverage can makers, have won U.S. antitrust approval to merge on condition that they sell eight aluminum can plants in the Uni

Read more
22 Jun 2016 11:05

DIRECTOR DEALINGS: Incoming Chemring Chairman Buys First Shares

Read more
21 Jun 2016 12:13

EU mergers and takeovers (June 21)

BRUSSELS, June 21 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Private equity firms the Carlyle Group and Crestview Advisors to jointly acquire U.S. sports and entertainment event

Read more
15 Jun 2016 15:13

UK Shareholder Meetings Calendar - Next 7 Days

Read more
10 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

Read more
23 May 2016 11:15

EU mergers and takeovers (May 23)

BRUSSELS, May 23 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Investment fund Apollo Management to acquire Portuguese insurer Acoreana Seguros (approved May 20) NEW LISTINGS

Read more
29 Apr 2016 16:18

UPDATE 1-Ardagh draws US$20bn crowd for junk bond sale

(Updates throughout) By Davide Scigliuzzo NEW YORK, April 29 (IFR) - Investors on both sides of the Atlantic clamored for Ardagh's US$4.5bn bond sale this week, hoping that the packaging company's latest acquisition will finally pave the way for an IPO. Ardagh received around US

Read more
29 Apr 2016 15:00

Dividends Calendar - Week Ahead

Read more
29 Apr 2016 14:04

Books on Ardagh high-yield bond reach US$20bn: sources

By Davide Scigliuzzo NEW YORK, April 29 (IFR) - Investors have piled US$20bn of orders into Ardagh's US$4.5bn dual-currency high-yield bond offering, two sources familiar with the situation told IFR on Friday. The packaging company is raising funds in euros and US dollars from a five-

Read more
26 Apr 2016 15:43

Tuesday newspaper share tips: Vodafone, Rexam

(ShareCast News) - Vodafone´s upcoming full-year figures should dispel investors´ doubts about the sustainability of its dividend policy and the high rating accorded to its shares, The Daily Telegraph´s Questor team said. Some observers fret that the shares current price-to-earnings multiple of 40 t

Read more
25 Apr 2016 08:07

Ball and Rexam to sell assets to Ireland's Ardagh Group

(ShareCast News) - Ball Corp. and Rexam agreed to divest assets to Ireland's Ardagh Group worth $3.42bn in a bid to clinch regulatory approval for their merger. The two companies, which unveiled their intention to merge and create the world's largest manufacturer of food and beverage cans on 19 Febr

Read more
25 Apr 2016 05:32

Ball Agrees To Sell Assets To Secure Approval For Rexam Deal

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.