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EU mergers and takeovers (Feb 12)

Fri, 12th Feb 2016 16:24

BRUSSELS, Feb 12 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- U.S. buyout firm Carlyle Group to acquire Italiancustomer services group Comdata (approved Feb. 11)

NEW LISTINGS

-- British plastic packaging company RPC Group toacquire French bottle-top maker Global Closure Systems (notifiedFeb. 11/deadline March 17/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

FEB 12

-- U.S. video game maker Activision Blizzard toacquire Dublin-based "Candy Crush Saga" creator King DigitalEntertainment (notified on Jan. 8/deadline Feb. 12)

FEB 16

-- Beauty products company Coty to acquire 43brands from Procter & Gamble (notified Jan. 12/deadlineFeb. 16)

FEB 18

-- McKesson to acquire certain businesses, notablypharmaceutical wholesaling in UK and Ireland, from UDGHealthcare (notified Jan. 14/deadline Feb. 18)

FEB 23

-- Sanofi and Google to jointly set up ajoint venture for diabetes treatment (notified Jan. 19/deadlineFeb. 23)

FEB 24

-- Private equity firm PAI Partners to acquire French hoteloperator B&B Hotels (notified Jan. 20/deadline Feb.24/simplified)

-- Sphinx Investment Pte Ltd and CVC Capital Partners[CVC.UL ]to jointly acquire British motor services company RAC(notified Jan. 20/deadline Feb. 24/simplified)

FEB 25

-- Dental supply maker DENTSPLY to merge withSirona Dental Systems (notified Jan.7/deadline extendedto Feb. 25 from Feb. 11 after the companies submittedconcessions)

-- Israeli drugmaker Teva to acquire U.S. peerAllergan's generics drugs business (notified Jan.21/deadline Feb. 25)

FEB 26

-- Airbus Safran Launchers, a 50/50 joint venture betweenAirbus and Safran, to acquire sole control ofsatellite group Arianespace (notified on Jan. 8/deadlineextended to Feb. 26 from Feb. 12 after Airbus Safran Launchersoffered concessions)

-- British supermarket J Sainsbury, DanskSupermarket A/S and Wm Morrison Supermarkets plc toacquire a grocery store (notified Jan. 22/deadline Feb.26/simplified)

-- German food company Tonnies to acquire Danish peer Tican(notified Jan. 22/deadline Feb. 26)

FEB 29

-- U.S. computer maker Dell Inc to acquire data storagecompany EMC Corp (notified Jan. 25/deadline Feb. 29)

MARCH 1

-- Germany's Allianz SE plans to acquire a 50percent stake in SES Shopping Center FP 1 GmbH and so takejoint control of the Fischapark shopping centre in WienerNeustadt, Austria (notified on Jan. 26/deadline March1/simplified)

MARCH 2

-- Italian insurer HDI Assicurazioni, which is a unit ofGerman insurer Talanx, to acquire Italian lifeinsurer CBA Vita, its subsidiary Sella Life and the remaining 49percent stake in InChiaro Assicurazioni SpA(notified Jan.27/deadline March 2/simplified)

MARCH 3

-- U.S. asset manager Blackstone to acquire indirectsole control over Norwegian publishing and paper company NorskeSkog (notified Jan. 28/deadline March 3/simplified)

MARCH 4

-- Macquarie Capital and Canadian real estate investorIvanhoe to jointly acquire real estate developers LogosAustralia and Logos China (notified Jan. 29/deadline March4/simplified)

-- U.S. engineering and construction group Fluor Corp to acquire Dutch rival Stork (notified Jan.29/deadline March 4/simplified)

MARCH 7

-- Private equity firm American Securities to acquire U.S.industrial product company Blount International (notified Feb. 1/deadline March 7/simplified)

-- Private equity fund Lone Star Fund to acquire food andbeverage vending machine maker N&W Global Vending (notified Feb. 1/deadline March 7/simplified)

-- Coop subsidiary Bell AG to acquire poultry processingcompany HL Verwaltung (notified Feb 1/deadline March7/simplified)

MARCH 8

-- Celulosa Arauco y Constitucion S.A. (Arauco) and SonaeIndustria SGPS, SA (Sonae Industria) to acquire indirect jointcontrol of wood products company Tableros de Fibras S.A.(Tafisa) (notified Feb 2/deadline March 8/simplified)

MARCH 9

-- German agricultural services company HauptgenossenschaftNord to buy sector peer Roth Agrarhandel (notified on Feb.3/deadline March 9/simplified)

MARCH 10

-- Private equity firm KKR to acquire sole controlof French IT services provider Webhelp (notified on Feb.4/deadline March 10/simplified)

-- Statoil Fuel and Retail to acquire fuelsbusiness of Dansk Fuels (notified on Feb. 4/deadline March 10)

-- EDF and China General Nuclear Power Corp formsNNB GenCo consortium for nuclear power plant construction (notified on Feb. 4/deadline March 10)

-- LVMH is combining its private equity and realestate units with U.S. private equity firm Catterton to form LCatterton (notified on Feb. 4/deadline March 10/simplified)

MARCH 11

-- Nordic Capital to acquire Scandinavian fruits andvegetables distributor Greendeli Investment Holding (notifiedFeb. 5/deadline March 11/simplified)

-- CK Hutchison Holdings Ltd and Vimpelcom to merge their Italian mobile operations (notified Feb.5/deadline March 11)

MARCH 15

-- U.S. conglomerate United Technologies Corp toacquire Italian water heating appliances maker Riello Group(notified Feb. 9/deadline March 15/simplified)

-- China National Chemical Corp (ChemChina) toacquire German industrial machinery maker KraussMaffei Group (notified Feb. 9/deadline March 15)

MARCH 16

-- French company Avril Pole Animal and German meat productprocessor Tonnies International Holding to set up a jointventure (notified Feb. 10/deadline March 16/simplified)

APRIL 22

-- Hutchison Whampoa to acquire Telefonica's O2 UK subsidiary (notified Sept. 11/deadline extendedfor the fifth time to April 22 from April 18)

JUNE 23

-- Oilfield services provider Halliburton to buyrival Baker Hughes in a stock and cash transaction(notified Nov. 27/deadline extended to June 23 from May 26)

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 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 Brussels newsroom)

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