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EU mergers and takeovers (Aug 4)

Thu, 04th Aug 2016 10:51

BRUSSELS, Aug 4 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- British mobile telephony operator Vodafone andU.S. cable company Liberty Global to merge their Dutchoperations (approved Aug. 3)

NEW LISTINGS

None

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

AUG 4

-- French drugmaker Sanofi to acquire Germanycompany Boehringer Ingelheim's consumer healthcare business(notified June 15/deadline extended to Aug. 4 from July 20 afterSanofi submitted concessions)

AUG 8

-- Finnish crane maker Konecranes to acquire U.S.crane maker Terex's cranes business for ports andfactories (MHPS) (deadline June 17/deadline extended to Aug. 8from July 25 after Konecranes offered concessions)

AUG 9

-- Dutch paints and coating producer Akzo Nobel toacquire German chemicals maker BASF's industrialcoatings business (notified July 4/deadline Aug. 9)

AUG 10

-- U.S. paint company Sherwin-Williams Co to acquireU.S. rival Valspar Corp (notified July 5/deadline Aug.10)

AUG 11

-- U.S. chemicals company Dow Chemical to merge withDuPont (notified June 22/deadline extended to Aug. 11from July 28 after the companies offered concessions)

AUG 12

-- Private equity firm Triton to acquire techical servicesprovider Voith Industrial Services (notified July 7/deadlineAug. 12/simplified)

-- U.S. contract medical research provider QuintilesTransnational Holdings Inc to merge with U.S. healthcareinformation company IMS Health Holdings Inc (notifiedJuly 7/deadline Aug. 12)

AUG 18

-- Italian holding company Italmobiliare S.p.A. toacquire Italian private equity company Clessidra SGR (notifiedJuly 12/deadline Aug. 18/simplified)

AUG 19

-- Investment fund Watling Street to acquire electricitymeter and set-top box maker Sagemcom (notified July 13/deadlineAug. 19/simplified)

AUG 23

-- Private equity firm CVC Capital Partners to acquireItalian betting company Sisal Group (notified July 15/deadlineAug. 23/simplified)

AUG 25

-- Japan Tunnel Systems Corp and Mitsubishi Heavy Industries to set up a joint venture (notified July 19/deadlineAug. 25/simplified)

AUG 26

-- French investment company Ardian and French insurerCredit Agricole Assurances to jointly acquire French parkingoperator Indigo Infra (notified July 20/deadline Aug.26/simplified)

AUG 29

-- Dutch employment agency Randstad to acquireFrench peer Ausy (notified July 22/deadline Aug.29/simplified)

-- Canadian private equity firm Onex Corp toacquire U.S. wire and cable maker Wireco (notifiedJuly 22/deadline Aug. 29/simplified)

-- Belgian investment company Cobepa to acquire Germanlogistics company JF Hillebrand Group (notified July 22/deadlineAug. 29/simplified)

AUG 30

-- Polish chemicals company Synthos to acquireSwiss-based chemicals group Ineos' expandable polystyrenebusiness INEOS Styrenics (notified July 25/deadline Aug. 30)

-- Japanese cosmetics company Shiseido to acquireItalian fashion house Dolce Gabana's fragrances, colourcosmetics and skincare business (notified July 25/deadline Aug.30/simplified)

-- British industrial property developer Segro andCanada's Public Sector Pension Investment Board to acquire aFrench logistics business (notified July 25/deadline Aug.30/simplified)

SEPT 1

-- U.S. healthcare services provider McKesson Corp and asset manager Blackstone to set up a joint venture(notified July 27/deadline Sept. 1/simplified)

-- Private equity firm Advent International to acquire NewZealand resins and coating company Nuplex Industries (notified July 27/deadline Sept. 1)

SEPT 2

-- Ontario Teachers' Pension Plan Board and Public SectorPension Board to jointly acquire Cubico Sustainable InvestmentsHOldings Ltd which in turn will acquire five renewable energypower generation companies in Italy and the UK (notified July28/deadline Sept. 2/simplified)

-- Investment bank Goldman Sachs and private equityfirm Altor Fund to jointly acquire marine electronics makerNavico and marine maps provider C-Map (notified July 28/deadlineSept. 2/simplified)

SEPT 6

-- Buyout group CVC to acquire Swedish cigarette pack makerAR Packaging (notified Aug. 1/deadline Sept. 6)

-- German forklift truck and robotics maker Kion toacquire U.S. peer Dematic (notified Aug. 1/deadline Sept.6/simplified)

SEPT 7

-- Buyout firm Carlyle to acquire a 50-percent stakein Portuguese plastics packaging company Logoplaste (notifiedAug. 2/deadline Sept. 7/simplified)

SEPT 8

-- CK Hutchison Holdings Ltd and Vimpelcom to merge their Italian mobile operations (notified Feb.5/deadline extended to Sept. 8 from Aug 18)

SEPT 9

-- Investment fund Partners Group to acquire real estateservices provider Foncia Holding and its subsidiaries (notifiedJuly 4/deadline Aug. 9/simplified)

OCT 24

-- U.S. rail equipment maker Wabtec Corp to acquireFrench peer Faiveley Transport SA (notified April4/deadline Oct. 24/commitments offered July 25)

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 workingdays.

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)

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