Advertisement
UK markets closed
  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     
  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     
  • AIM

    771.53
    +3.42 (+0.45%)
     
  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     
  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     
  • Bitcoin GBP

    50,430.80
    -221.20 (-0.44%)
     
  • CMC Crypto 200

    1,317.43
    +40.45 (+3.17%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     
  • DAX

    18,001.60
    +105.10 (+0.59%)
     
  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     

EU mergers and takeovers (June 22)

BRUSSELS, June 22 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Finnish energy company Stl to acquire joint control of aviation Fuelling Service Norway AS, which is part of oil producer Royal Dutch Shell Keele Oy (approved June 19)

NEW LISTINGS

-- Finnish telecoms equipment maker Nokia to acquire French peer Alcatel (Paris: FR0000130007 - news) -Lucent (notified June 19/deadline July 27)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

JUNE 22

-- U.S. telecoms equipment maker CommScope Holding Co Inc to buy Swiss electronics firm TE Connectivity (NYSE: TEL - news) 's network gear business BNS (notified May 13/deadline June 22)

ADVERTISEMENT

JUNE 23

-- German car parts maker Mahle Behr to acquire U.S. car parts maker Delphi's Thermal Systems unit (notified May 18/deadline June 23)

JUNE 26

-- Private equity firm Permira and investment fund Canada Pension Plan Investment Board to jointly acquire U.S. software company Informatica (notified May 21/deadline June 26/simplified)

-- DCC Holding A/S, which is a subsidiary of Irish company DCC Plc (LSE: DCC.L - news) , and DLG Service A/S, which is unit of Danish cooperative DLG Group, to combine their Danish energy businesses (notified May 21/deadline June 26)

JUNE 29

-- French shipping company CMA CGM to acquire Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG, which is a unit of the Bernhard Schulte GmbH & Co KG (notified May 22/deadline June 29)

JUNE 30

-- U.S. investment firm Centerbridge Partners L.P. to acquire Italian lender Banca FarmaFactoring S.p.A (notified May 26/deadline June 30/simplified)

JULY 1

-- British Airways-owner IAG's to acquire a 25-percent stake in Irish airline Aer Lingus (Other OTC: AELGF - news) (notified May 27/deadline July 1)

-- China National Chemical Corp to acquire Italian tyre maker Pirelli (notified May 27/deadlineJuly 1)

JULY 2

-- British meat producer Dawn Meats to acquire a 49 percent stake in French meat producer Elivia which is only wholly owned by agricultural cooperative Terrena (notified May 28/deadline July 2/simplified)

JULY 8

-- Aberdeen Infrastructure to acquire a stake in a hospital concession from Globalvia Infraestructuras (notified June 3/deadline July 8)

-- Private equity firm Pamplona Capital Management to buy pet food supplier Partner in Pet Food Holdings (notified June 3/deadline July 8/simplified)

-- U.S. investment company OpenGate Capital Group Europe to acquire chemicals producer Kem One Innovative Vinyls (notified June 3/deadline July 8)

-- Meat products group Danish Crown to acquire Danish peer Tican (notified June 3/deadline July 8)

JULY 10

-- France's Jacquet Metal Service to acquire Swiss steel group Schmolz + Bickenbach's steel distribution business in Germany, Belgium, the Netherlands and Austria (notified June 5/deadline July 10)

-- RTL Nederland Ventures, which is part of German publishing group Bertelsmann group, to acquire joint control of Dutch advertiser Reclamefolder nl B.V. (notified June 5/deadline July 10/simplified)

-- U.S. trading group Castleton Commodities International to acquire Morgan Stanley (Xetra: 885836 - news) 's physical oil business (notified June 5/deadline July 10/simplified)

JULY 14

-- Asset management company FAM, which is owned by Sweden's Wallenberg foundations, and Luxembourg-based investment company Fanopi to acquire joint control of Swedish packaging company Nefab Packaging AB (notified June 9/deadline July 14)

-- Japan's Mitsui & Co and Holding Gonvarri, which is part of the Spanish conglomerate Gestamp to acquire joint control of Gestamp Renewable Industries, which is now solely controlled by Holding Gonvarri (notified June 9/deadline July 14/simplified)

-- Private equity firm Clayton, Dubilier & Rice Group to acquire British petrol station operator Scimitar Topco Ltd (notified June 9/deadline July 14/simplified)

JULY 17

-- Australian drugmaker CSL (Other OTC: CMXHF - news) to acquire Swiss drugmaker Novartis (Xetra: 904278 - news) ' influenza vaccines business (notified June 12/deadline July 17)

-- U.S. private equity firm KKR plan to buy controlling stake in Ursa Insulation Holding BV from Spanish building materials group Uralita (notified June 12/deadline July 17/simplified)

-- U.S. private equity firm Platinum Equity plan to buy aviation company Worldwide Flight Services Global Holding (notified June 12/deadline July 17/simplified)

JULY 20

-- U.S. drinks can maker Ball Corp (NYSE: BLL - news) to acquire British rival Rexam Plc (LSE: REX.L - news) (notified June 15/deadline July 20)

-- U.S. drugmaker Pfizer (NYSE: PFE - news) to acquire U.S. peer Hospira (notified June 15/deadline July 20)

JULY 22

-- French building supplies company St Gobain to acquire Swiss chemicals company Sika (notified June 16/deadline July 22)

-- Private equity firms Ardian France and Goldentree Asset Management to acquire joint control of do-it-yourself retailer Maxeda DIY Group (notified June 16/deadline July 22/simplified)

-- Haring Central department store to acquire 50.1 percent of KS Premium Holding (notified June 16/deadline July 22/simplified)

JUNE 23

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

JULY 24

-- German conglomerate Siemens to purchase U.S. oilfield equipment maker Dresser-Rand Group Inc (notified Jan. 9/deadline July 24)

AUG 6

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

AUG 21

-- U.S. conglomerate General Electric to acquire most of French engineering group Alstom (Paris: FR0010220475 - news) 's power equipment business (notified Jan. 19/deadline extended for the third time to Aug. 21 from Aug. 6)

SEPT 2

-- Norwegian telecoms company Telenor (Other OTC: TELNF - news) and Swedish peer TeliaSonera to combine their Danish mobile businesses (notified Feb. 27/deadline extended to Sept. 2 from Aug. 19 after the companies asked for more time)

SUSPENDED

-- SOCAR, Azerbaijan's state energy company, to buy stakes in Greek natural gas grid operator DESFA from Greek natural gas utility 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 working days to 35 working days, to consider either a company's proposed remedies 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 the clearance of uncontroversial first-stage mergers without giving any reason for its decision. Cases may be reclassified as non-simplified - that is, ordinary first-stage reviews - until they are approved. (Compiled by Foo Yun Chee)