focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

EU mergers and takeovers (July 17)

Fri, 17th Jul 2015 10:21

BRUSSELS, July 17 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

-- Meat products group Danish Crown to acquire Danish peerTican (partially referred to the Danish competition regulator,merger outside Denmark approved July 17)

-- British Airways-owner IAG's to acquire Irishairline Aer Lingus (approved July 14)

-- Swiss supermarket chain Coop Genossenschaft and Swisscomto set up an online joint venture (approved July 14)

NEW LISTINGS

-- U.S. staffing company ManpowerGroup Inc toacquire German peer 7S Group (notified July 13/deadline Aug.18/simplified)

-- Dutch building materials distributor PontMeyer, which ispart of Deli Building Supplies B.V., to acquire Dutch holdingcompany DBS (notified July 15/deadline Aug. 20)

-- Fuel supplier World Fuel Services Corp to acquirebusinesses divested by BP Plc (notified July 14/deadlineAug. 19/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

JULY 17

-- Australian drugmaker CSL to acquire Swissdrugmaker Novartis' influenza vaccines business(notified June 12/deadline July 17)

JULY 20

-- U.S. drinks can maker Ball Corp to acquireBritish rival Rexam Plc (notified June 15/deadline July20)

-- U.S. drugmaker Pfizer to acquire U.S. peerHospira (notified June 15/deadline July 20)

JULY 22

-- French building supplies company St Gobain toacquire Swiss chemicals company Sika (notified June16/deadline July 22)

JUNE 23

-- Private equity firm CVC Capital Partners to acquire a 65percent stake in Dutch food and dietary supplements maker DSM (notified June 17/deadline July 23)

JULY 27

-- Finnish telecoms equipment maker Nokia toacquire French peer Alcatel-Lucent (notified June19/deadline July 27)

JULY 29

-- U.S. drugmaker Mylan to acquire U.S. peer Perrigo (notified June 23/deadline July 29)

-- U.S. company Berkshire Hathaway to acquire U.S.personal care and cosmetics company Procter & Gamble's Duracell battery unit (notified June 23/deadline July 29)

JULY 30

-- Swedish insurer AMF Pensionsforsakring AB and Finnishinsurer Ilmarinen Mutual Pension Insurance Company to set up ajoint venture (notified June 24/deadline July 30/simplified)

-- Schibsted Distribution and Amedia Distribution Helthjemto set up a joint venture (notified June 24/deadline July30/simplified)

JULY 31

-- Talanx Asset Management GmbH and Norddeutsche LandesbankGirozentrale (Nord LB) to acquire joint control of alternativeasset investment management company Caplantic GmbH (notifiedJune 25/deadline July 31/simplified)

AUG 4

-- Private equity firm Cinven Capital Management to acquirebiological testing services company Labco (notified June29/deadline Aug. 4/simplified)

AUG 5

-- Asset manager BlackRock and private equity firm FirstReserve Management to acquire joint control of a joint venturebuilding a gas pipeline in Mexico, in which GDF Suez holds astake (notified June 30/deadline Aug. 5/simplified)

-- Spanish cars part maker Grupo Antolin toacquire auto parts maker Magna Interiors from Canadian car partsmaker Magna International Inc (notified June 30/deadlineAug. 5)

AUG 6

-- U.S. healthcare company Danaher Corp to acquireair and water filter maker Pall Corp (notified July1/deadline Aug. 6/simplified)

-- Swiss travel retailer Dufry to acquire Italianpeer World Duty Free (notified July 1/deadline Aug 6)

-- Commodities trader Cargill to buy rival ArcherDaniels Midland Co's global chocolate business (notifiedJan. 19/deadline Aug. 6/Cargill offers concessions on May 22)

AUG 7

-- Private equity firm CVC Capital Partners to acquirebeauty products retailer Douglas Group (notified July 2/deadlineAug. 7/simplified)

-- German insurer Axa Konzern and Compugroup Medical MobileDTL to set up a joint venture (notified July2/deadline Aug. 7/simplified)

AUG 10

-- Private equity firm Lone Star Fund IX to acquire textilefloor coverings producer Balta (notified July 3/deadline Aug.10/simplified)

AUG 11

-- Investment fund Apollo Management L.P. to acquireSaint-Gobain Emballage, Saint Gobain Vicasa S.A., Saint GobainVidros and Obale, with the group known as Verallia (notifiedJuly 6/deadline Aug. 11/simplified)

AUG 13

-- Swiss bakery products maker Aryzta to acquire49 percent of frozen food retailer Picard Groupe (notified July8/deadline Aug. 13)

AUG 14

-- NH Hotel Group SA and HNA Hospitality Group CoLtd to set up a joint venture which will operate mainly in China(notified July 9/deadline Aug. 14/simplified)

AUG 17

-- Investment fund Canada Pension Plan Investment Board(CPPIB) and real estate investment trust Intu Holding S.a.r.l.to indirectly acquire a joint controlling stake in Spanishshopping mall Puerto Venecia Investments SOCIMI S.A. (notifiedJuly 10/deadline Aug. 17/simplified)

-- Private equity firm CVC to acquire theatreproducer Stage Entertainment (notified July 10/deadline Aug.17/simplified)

-- Spanish energy company Repsol and Mexicanindustrial group Grupo Kuo to expand their jointventure Dynasol (notified July 10/deadline Aug. 17/simplified)

-- Investment bank Goldman Sachs and Altor to jointlyacquire soy-based protein solutions maker Hamlet Protein(notified July 10/deadline Aug. 17)

AUG 21

-- U.S. conglomerate General Electric to acquire mostof French engineering group Alstom's power equipmentbusiness (notified Jan. 19/deadline extended for the third timeto Aug. 21 from Aug. 6)

SEPT 2

-- Norwegian telecoms company Telenor and Swedishpeer TeliaSonera to combine their Danish mobilebusinesses (notified Feb. 27/deadline extended to Sept. 2 fromAug. 19 after the companies asked for more time)

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 Foo Yun Chee)

Related Shares

More News
14 May 2024 21:40

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday they are satisfied that Venture Global LNG is trying to correct faults at the he...

14 May 2024 18:47

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its he...

14 May 2024 10:02

(OFFICIAL)-Foreign investment in Germany reaches new record

BERLIN, May 14 (Reuters) - Foreign companies announced record levels of new investment in Germany last year despite the economic downturn and high e...

9 May 2024 15:51

UK dividends calendar - next 7 days

9 May 2024 13:53

IN BRIEF: IP Group joins USD111 million financing round for Hysata

IP Group PLC - invests in companies pursuing breakthrough science - Portfolio company Hysata Pty Ltd completes USD111.3 million series B funding round...

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.