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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)

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