Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksXCH.L Share News (XCH)

  • There is currently no data for XCH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU mergers and takeovers (March 1)

Tue, 01st Mar 2016 12:12

BRUSSELS, March 1 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

-- U.S. computer maker Dell Inc to acquire data storagecompany EMC Corp (approved Feb. 29)

NEW LISTINGS

-- Private equity firms Apax Partners and Neuberger BermanAcquisition LLC to jointly acquire Italian tech servicesprovider Engineering Ingegneria Informatica SPA (notified Feb.29/deadline April 7/simplified)

-- U.S. technology consulting company Computer Sciences Corp to acquire British outsourcing company Xchanging Plc (notified Feb. 29/deadline April 7/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

MARCH 3

-- McKesson to acquire certain businesses, notablypharmaceutical wholesaling in UK and Ireland, from UDGHealthcare (notified Jan. 14/deadline extended to March3 from Feb. 18 after a national competition regulator asked totake over the case)

MARCH 7

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

MARCH 9

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

MARCH 10

-- Israeli drugmaker Teva to acquire U.S. peerAllergan's generics drugs business (notified Jan.21/deadline extended to March 10 from Feb. 25 after Teva offerscommitments)

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

-- 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)

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

-- Slot machine maker Loewen Entertainment German gamblinghalls operator Safari Holding and Schmidt Gruppe ServiceGesellschaft fur Spielerschutz und pravention to set up a jointventure (notified Feb. 10/deadline March 16/simplified)

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

MARCH 17

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

MARCH 18

-- U.S. car parts distributor LKQ Corp to acquireItaly's Rhiag Group from private equity firm Apax Partners LLP(notified Feb. 12/deadline March 18)

MARCH 22

-- Private equity firm Equistone Partners Europe to acquirecar parts maker Mecaplast Group (notified Feb. 16/deadline March22/simplified)

-- Polyethylene terephthalate (PET) resin producer IndoramaNetherlands to acquire Guadarranque Polyester (notified Feb.16/deadline March 22)

-- Private equity firm Equistone Partners Europe SAS toacquire car parts maker Mecaplast Group (notified Feb.16/deadline March 22/simplified)

MARCH 29

-- Statoil Fuel and Retail to acquire fuelsbusiness of Dansk Fuels (notified on Feb. 4/deadline extended toMarch 29 from March 10 after the companies submittedconcessions)

MARCH 30

-- CK Hutchison Holdings Ltd and Vimpelcom to merge their Italian mobile operations (notified Feb.5/deadline extended to March 30 from March 11 after the Italiancompetition authority requested to take over the case)

-- Japanese employment agency Recruit to acquireDutch peer USG People (notified Feb. 19/deadline March30/simplified)

APRIL 1

-- British rivate equity firm Bridgepoint Group to acquirePolish children's apparel and toy store chain SMYK Group(notified Feb. 23/deadline April 1/simplified)

APRIL 6

-- Global Infrastructure Partners and Canada Pension PlanInvestment Board to jointly acquire some businesses fromAustralian freight company Asciano (notified Feb.26/deadline April 6/simplified)

-- Worldline to acquire PaySquare from Equens(notified Feb. 26/deadline April 6)

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)

JULY 12

-- Airbus Safran Launchers, a 50/50 joint venture betweenAirbus and Safran, to acquire sole control ofsatellite group Arianespace (notified on Jan. 8/deadlineextended to July 12 from Feb. 26 after the Commission opened anin-depth investigation)

SUSPENDED

-- Oilfield services provider Halliburton to buyrival Baker Hughes in a stock and cash transaction(notified Nov. 27/deadline suspended on Feb. 18 after companiesfailed to provide some 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 Brussels newsroom)

More News
7 Nov 2022 11:00

IN BRIEF: Synectics names AdEPT director Wilson as chair designate

Synectics PLC - Sheffield, England-based security systems company - Names Craig Wilson as chair designate and a non-executive director with immediate effect. Says he will become non-executive chair after a planned transition and handover period of about three months. In June, David Coghlan said he will step down as chair by the end of this year after 16 years in the role to a "less direct role".

Read more
2 Jun 2016 17:03

Xchanging CEO To Take Up Chair Position For General Meeting

Read more
6 May 2016 07:39

Xchanging Finance Boss Bauernfeind Leaves Ahead Of Takeover

Read more
28 Apr 2016 09:13

Xchanging Says Insurance Arm Wins Contract From P&C Insurer

Read more
4 Apr 2016 07:58

Xchanging Renews Contract With Statutory Body WorkSafe Victoria

Read more
31 Mar 2016 07:56

Computer Sciences Gets European Approval For Xchanging Takeover

Read more
4 Mar 2016 09:46

Xchanging Reports Swing To Loss Ahead Of Takeover By US's CSC

Read more
18 Jan 2016 08:10

Computer Sciences Offer For Xchanging Becomes Unconditional

Read more
11 Jan 2016 09:00

Xchanging calls on shareholders to back CSC offer

(ShareCast News) - Xchanging called on its shareholders to accept an offer from Computer Sciences Corporation, as it pointed out that a superior offer from Ebix Inc was unlikely to materialise. Xchanging announced back in November that it had received an offer of 175p per share in cash from Ebix, bu

Read more
11 Jan 2016 07:51

Xchanging Urges Shareholders To Accept CSC Offer Before Friday

Read more
23 Dec 2015 07:44

Computer Sciences Has 57% Of Xchanging After Buying Shares From Capita

Read more
16 Dec 2015 16:44

Capita's Offer For Xchanging Lapses After CSR Trumped Its Bid

Read more
11 Dec 2015 09:48

Gresham House Strategic Set To Name Ken Lever Of Xchanging To Board

Read more
10 Dec 2015 08:13

Ebix Confirms It Remains Interested In Acquiring Xchanging

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.