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Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

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Share Price: 185.50
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Ask: 200.00
Change: 0.00 (0.00%)
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EU mergers and takeovers (July 1)

Tue, 01st Jul 2014 12:17

BRUSSELS, July 1 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- Dutch fund manager Amvest and Dutch private equity firmNPM to jointly acquire Dutch nursing home opeator Het Gastenhuis(approved July 1)

NEW LISTINGS

-- German engineering company Siemens AG to buyRolls-Royce plc's aero-derivative gas turbinebusiness, and also to acquire joint control of turbine servicescompany Rolls Wood Group Ltd, which is a joint venture betweenRolls-Royce plc and John Wood Group (notified June27/deadline Aug. 4)

-- French public holding company ADP and airport duty-freeretailer Aelia to acquire joint control of Mziz Retail (notifiedJune 27/deadline Aug. 4/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

JULY 2

-- British telecoms operator Vodafone to acquireSpanish cables company Ono (notified May 23/deadliine July 2)

JULY 3

-- Private equity firm The Carlyle Group to acquirecommodities merchant Traxys (notified May 26/deadline July3/simplified)

JULY 8

-- Private equity firms Advent International and BainCapital to jointly acquire payment cards supplier Nets Holding(notified June 2/deadline July 8)

JULY 10

-- Reggeborgh to acquire the rest of energy productssupplier Argos Group Holding B.V. from AEG Invest B.V. (notifiedJune 4/deadline July 10)

-- Remondis Nederland and Sita Recycling Services to set upa joint venture (notified June 4/deadline July 10/simplified)

-- Spanish telecoms provider Telefonica to buyDutch peer KPN's German unit (notified Oct. 31/deadlineextended to July 10 from July 3)

JULY 11

-- Private equity firm Pai Partners to buy audiovisualtechnical services provider Euro Media Group (notified June5/deadline July 11/simplified)

-- Private equity firm Clayton, Dubilier & Rice to acquireGerman plastic packaging maker Mauser (notified June5/deadline July 11/simplified)

-- Sonangol Comercializacao Internacional Ltd (Sonaci),which is a subsidiary of Angolan state owned energy groupSociedade Nacional de Combustiveis de Angola, Empresa Publica,and energy and commodities trader DTS, which is a joint venturebetween Trafigura Beheer B.V. and Cochan Ltd, to set up a jointventure (notified June 5/deadline July 11/simplified)

JULY 14

-- Private equity firm The Carlyle Group and Chinesehome appliance maker Qingdao Haier to acquire HaierBiomedical and Laboratory Products Ltd (notified June 6/deadlineJuly 14)

JULY 15

-- Swedish steelmaker SSAB to buy Finnish peerRautaruukki Corp (notified May 22/deadline extendedto July 15 from July 1 after SSAB submitted concessions)

-- French agricultural cooperative Lur Berri and privateequity firm Pai Partners to acquire joint control of French foodproducts distributor Labeyrie Fine Foods (notified June10/deadline July 15

-- Private equity firm TowerBrook Capital Partners toacquire British healthcare provider Independent ClinicalServices Group (notified June 10/deadline July 15/simplified)

-- U.S. media group Viacom Inc to buy Britishbroadcaster Channel 5 (notified June 10/deadline July15/simplified)

-- French car parts maker Faurecia and Italianpeer Magnetti Marelli to set up a joint venture (notified June10/deadline July 15/simplified)

JULY 16

-- Private equity firm CVC Capital Partners to buySpanish olive oil bottler Deoleo (notified June11/deadline July 16/simplified)

-- Russian private equity firm Sistema JSF Corp to buySegheza Pulp and Paper Mill (notified June 11/deadline July16/simplified)

-- Investment holding compan Letterone Holdings SA toacquire German energy company RWE Dea (notified June11/deadline July 16/simplified)

JULY 18

-- U.S.-based agricultural trader Cargill andBrazilian trader Copersucar S.A. to set up a joint venture(notified June 13/deadline July 18/simplified)

JULY 22

-- Golden Agri-Resources and chemicals companyCEPSA Quimica, which is a unit of Abu Dhabi state-ownedInternational Petroleum Investment Co (IPIC), to jointly controla joint venture (notified June 16/deadline July 22/simplified)

-- French IT services company Sopra Group toacquire French peer Groupe Steria (notified June16/deadline July 22/simplified)

-- French bank BNP Paribas Fortis to buy Poland'sBank Gospodarki Zywnosciowej (notified June 16/deadline July22/simplified)

JULY 23

-- Russian equipment maker Russian Machines, which is partof Russian business group the Basic Element and German holdingcompany Fritzmeier to set up a joint venture (notified June17/deadline July 23/simplified)

-- Hedge fund Apollo to buy Dutch TV company Endemol(notified June 17/deadline July 23/simplified)

JULY 24

-- Belgian wire producer Bekaert and OfficineMaccaferri to set up a joint venture (notified June 18/deadliineJuly 24/simplified)

JULY 25

-- Broad Street Principal Investments Holdings which isowned by U.S. investment bank Goldman Sachs, and KFGInvestment, which is a unit of Koch Industries, toacquire joint control of printing ink prdoucer Flint (notified June 19/deadline July 25/simplified)

-- China's Weichai Power to acquire sole controlof German forklift truck maker Kion Group (notifiedJune 19/deadline July 25/simplified)

-- French services company Groupe Lagardere and Frenchrailway SNCF Participations to set up a joint venture(notified June 19/deadline July 25)

JULY 30

-- Petrochemicals group INEOS and chemicals company Doeflexto combine their PVC businesses (notified June 24/deadline July30)

-- Apple Inc to acquire music streaming and audioequipment company Beats (notified June 24/deadline July 30)

-- British engineering company Amec to buySwiss-based peer Foster Wheeler (notified June24/deadline July 30/simplified)

-- Belgian wire maker Bekaert to buy Italian tyremaker Pirelli's steelcord business (notified June24/deadline July 30)

AUG 1

-- German drugmaker Allergopharma, French healthcareprovider Stallergenes, Spanish drugmaker LETI aand Global Asthmaand Allergy European Network e.V. to set up a joint venture(notified June 26/deadline Aug. 1/simplified)

AUG 4

-- Private equity firm Bridgepoint Advisers to buymanagement group Edmond de Rothschild Capital Partners (notifiedJune 27/deadline Aug 4)

SEPT 5

-- Mexican cement producer Cemex to acquireSwiss peer Holcim's Spanish cement business (notifiedFeb. 28/deadline extended to April 23 from April 4 after Cemexsubmitted concessions/in-depth investigation announced April23/new deadline Sept. 5)

SEPT 18

-- U.S. chemical maker Huntsman Corp to acquire U.S.peer Rockwood Holdings's titanium dioxide pigmentsbusiness (notified Jan. 29/deadline extended to Sept. 18 fromAug. 20/commitments submitted on March 28)

OCT 17

-- U.S. cable company Liberty Global to acquireDutch peer Ziggo (notified March 14/deadline extendedto Oct. 17 from Sept. 19 after Liberty Global asked for moretime)

DEADLINE UNKNOWN

-- U.S. orthopedic products maker Zimmer Holdings Inc to buy rival Biomet Inc (notified June3/notification declared incomplete on June 11)

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. (Editing by Foo Yun Chee)

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