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EU mergers and takeovers (Nov 15)

Tue, 15th Nov 2016 13:08

BRUSSELS, Nov 15 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

None

NEW LISTINGS

-- French companies Engie Futures Energies, OmnesCapital and Predica Prevoyance Dialogue du Credit Agricole tojointly control French wind farm company Maia Eolis, previouslycontrolled exclusively by Engie Futures Energies (notified Nov.11/deadline Dec. 16/simplified)

-- Germany's Deutsche Post AG to acquire UKpostal operator UK Mail Group (notified Nov. 14/deadlineDec. 19/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

NOV 15

-- Buyout firm Carlyle to acquire a minority stake inGerman clinic chain Schoen Klinik (notified Oct. 7/deadline Nov.15)

NOV 18

-- Swiss hotel services provider Kuoni GTA toacquire hotel distribution and destination management providerMTS Globe (notified Oct. 12/deadline Nov. 18)

NOV 21

-- German supermarket chain Metro to acquireFrench food service delivery company Colruyt France SAS(notified Oct. 13/deadline Nov. 21/simplified)

NOV 22

-- U.S. oil services company FMC Technologies tomerge with French oil services company Technip (notified Oct. 14/deadline Nov. 22)

-- U.S. software company Microsoft to acquiresocial network LinkedIn (notified Oct. 14/deadline Nov.22)

-- French household equipment maker Groupe SEB toacquire German peer WMF from private equity firm KKR (notified Oct. 14/deadline Nov. 22)

NOV 23

-- U.S. medical devices maker Abbott Laboratories toacquire U.S. peer St Jude (notified Oct. 3/deadlineextended to Nov. 23 from Nov. 9 after the companies offeredconcessions)

-- German shipping company Hapag-Lloyd to mergewith Kuwait-based United Arab Shipping Co (notified Oct.3/deadline extended to Nov. 23 from Nov. 9 after the companiesoffered concessions)

NOV 25

-- Cinema chain AMC UK, which is a unit of U.S. company AMCEntertainment Holdings Inc, which in turn is owned byChina's Dalian Wanda Group, to acquire Odeon and UCI CinemasHoldings Ltd from Terra Firma Investments (notified Oct.19/deadline Nov. 25/simplified)

NOV 29

-- Canada Pension Plan Investment Board and real estatedeveloper Hammerson to acquire joint control of UK shoppingcentre Grand Central, which is now solely owned by Hammerson(notified Oct. 21/deadline Nov. 29/simplified)

NOV 30

-- French car parts supplier Valeo to acquireGerman clutch maker FTE Group (notified Oct. 10/deadlineextended to Nov. 30 from Nov. 16 after Valeo offeredconcessions)

-- Abu Dhabi company International Petroleum InvestmentCompany P.J.S.C. (IPIC) and Mubadala Development Co P.J.S.C. tomerge (notified Oct. 24/deadline Nov. 30/simplified)

DEC 2

-- French group Danone to acquire U.S. organicfoods producer WhiteWave Foods Co (notified Oct.26/deadline Dec. 2)

-- U.S. chemicals group Riechhold and BlackDiamond Capital to acquire Italian polymers maker Polynt which is owned by Italian private equity groupInvestindustrial (notified Oct. 26/deadline Dec. 2)

DEC 5

-- ArcelorMittal CLN Distribuzione Italia S.r.l., which is ajoint venture between steelmaker ArcelorMittal and theCLN Group, to jointly acquire newly set up company Acierplus(notified Oct. 27/deadline Dec. 5/simplified)

DEC 6

-- French state-controlled post office La Poste's freight delivery services unit Geopost and holding companyCorfin 14 to jointly acquire parcel and freight delivery companyBRT (notified Oct. 28/deadline Dec. 6/simplified)

DEC 7

-- Dutch private equity firm SHV Holdings N.V. to acquirehome and garden building materials producer Deli Home and Garden(notified Oct. 31/deadline Dec. 7/simplified)

DEC 8

-- Chinese aviation and shipping group HNA Group to acquirea stake in Air France-KLM's catering business Servair(notified Nov. 3/deadline Dec. 8)

-- U.S. private equity firm Towerbrook Capital Partners toacquire Dutch company Van Dijk Educatie Beheer B.V. (notifiedNov. 3/deadline Dec. 8/simplified)

DEC 9

-- Private equity firm Nordic Capital and a group ofinvestors to jointly acquire Swedish online bank Nordnet (notified Nov. 4/deadline Dec. 9/simplified)

-- French tire maker Michelin and Limagrain, whichis part of holding company and seed producer vilmorein & Cie, tojointly acquire French engineering company Exotic Systems(notified Nov. 4/deadline Dec. 9/simplified)

DEC 13

-- Investment company Egeria Industrials to acquirepackaging maker Clondalkin Industries (notified Nov.8/deadline Dec. 13/simplified)

-- Japanese company Nidec Corp to acquire U.S.factory automation equipment maker Emerson Electric's motors and electric power division (notified Nov. 8/deadlineDec. 13/simplified)

-- NEC Corp and Sumitomo Mitsui Banking Corp to jointly acquire Japanese joint venture Brees Corp(notified Nov. 8/deadline Dec. 13/simplified)

-- Swedish lender Nordea Bank and Norwegianfinancial group DNB Bank ASA to jointly acquireSwedish technology company Relacom Management (notified Nov.8/deadline Dec. 13/simplified)

-- French insurer Axa and Danish public pensionfund Arbejdsmarkedets Tillagspension to jointly acquire a Dutchhotel (notified Nov. 8/deadline Dec. 13/simplified)

DEC 14

-- Chinese industrial group Northeast Industries Group CoLt, which is controlled by Chinese conglomerate North IndustriesGroup Corp (Norinco) to acquire Delphi's mechatronicsbusiness (notified Nov. 9/deadline Dec. 14/simplified)

-- Portuguese transport infrastructure company Brisa and Spanish retailer Areas, which manages concessionspaces in transport hubs, will create joint venture BAS to takeover food activities in designated service areas inPortugal(notified Nov. 9/deadline Dec. 14/simplified)

DEC 15

-- Italian utility Enel to acquire Italianfibre-optic company Metroweb which will merge with Enel OpenFiber, a joint venture with Italian state lender Cassa Depositie Prestiti (CDP) (notified Nov. 10/deadline Dec. 15/simplified)

DEC 16

-- French naval defence company DCNS and French fund SPI totake joint control of DCNS Energies (notified Nov. 11/deadlineDec. 16/simplified)

-- French companies Engie Futures Energies, OmnesCapital and Predica Prevoyance Dialogue du Credit Agricole tojointly control French wind farm company Maia Eolis, previouslycontrolled exclusively by Engie Futures Energies (notified Nov.11/deadline Dec. 16/simplified)

DEC 19

-- Germany's Deutsche Post AG to acquire UKpostal operator UK Mail Group (notified Nov. 14/deadlineDec. 19/simplified)

FEB 13

-- Deutsche Boerse and the London Stock Exchange plan to merge (notified Aug. 24/deadline extended toMarch 6 from Feb. 13 after the companies asked for more time)

FEB 23

-- German cement producers Heidelbergcement andSchwenk to jointly acquire Mexican peer Cemex's Croatian unit (notified Sept. 5/deadline extended to Feb. 23from Oct. 10 after the European Commission opened an in-depthinvestigation)

FEB 28

-- U.S. chemicals company Dow Chemical to merge withDuPont (notified June 22/deadline Feb. 28)

MARCH 15

-- Chinese state-owned company China National Chemical Corp(ChemChina) to acquire Swiss pesticides and seedsgroup Syngenta (notified Sept. 23/deadline extended toMarch 15 from Oct. 28 after the European Commission opened anin-depth investigation)

SUSPENDED

-- Azerbaijan's state energy company SOCAR to buy stakes inGreek 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 isfiled 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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