Advertisement
UK markets open in 2 hours 1 minute
  • NIKKEI 225

    38,024.67
    +396.19 (+1.05%)
     
  • HANG SENG

    17,626.75
    +342.21 (+1.98%)
     
  • CRUDE OIL

    83.85
    +0.28 (+0.34%)
     
  • GOLD FUTURES

    2,347.50
    +5.00 (+0.21%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • Bitcoin GBP

    51,366.43
    -80.25 (-0.16%)
     
  • CMC Crypto 200

    1,387.40
    +4.82 (+0.35%)
     
  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     
  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     

EU mergers and takeovers (March 29)

BRUSSELS, March 29 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Deutsche Boerse (IOB: 0H3T.IL - news) and the London Stock Exchange (Other OTC: LDNXF - news) to merge (blocked March 29)

NEW LISTINGS

None

EXTENSIONS AND OTHER CHANGES

None

FIRST (Other OTC: FSTC - news) -STAGE REVIEWS BY DEADLINE

MARCH 29

-- Buyout firm Lone Star to acquire German building materials maker Xella from private equity firm PAI Partners and funds managed by Goldman Sachs (NYSE: GS-PB - news) ' investment arm (notified Feb. 22/deadline March 29)

ADVERTISEMENT

MARCH 31

-- German synthetic rubber maker Lanxess AG (IOB: 0H7I.IL - news) to acquire U.S. specialty chemical company Chemtura (Euronext: CHMT.NX - news) (notified Feb. 24/deadline March 31)

APRIL 4

-- U.S. computer and printer maker Hewlett Packard (NYSE: HPQ - news) to acquire South Korean group Samsung Electronics' printer business (notified Feb. 28/deadline April 4)

APRIL 7

-- Engie Group French banking group BPCE to acquire a 49.9 percent stake in renewable energy companies LCS 4 and LCS (notified March 3/deadline April 7/simplified)

-- Twenty-First Century Fox to acquire the rest of European pay-TV company Sky (Frankfurt: 893517 - news) it does not own (notified March 3/deadline April 7)

APRIL 10

-- French real estate asset management company Amundi (Berlin: 350155.BE - news) Immobilier, which is part of French bank Credit Agricole (Swiss: ACA.SW - news) , and French social protection services provider Malakoff Mederic to acquire joint control of German property developer TAS Kapstadtring (notified March 6/deadline April 10/simplified)

-- UK property developer Segro (Frankfurt: S4VC.F - news) and Canada's Public Sector Pension Investment Board to jointly acquire three logistics operations in Italy (notified March 6/deadline April 10/simplified)

-- Danish container shipping company Maersk to acquire German peer Hamburg Sud (notified Feb. 20/deadline extended to April 10 from March 27 after commitments submitted)

APRIL 11

-- Private equity (IOB: 0QLS.IL - news) firm Partners Group to acquire European operator of clinical pathology laboratory operator Cerba Healthcare from PAI Partners (notified March 7/deadline April 11/simplified)

APRIL 12

-- U.S. aircraft component maker Rockwell Collins (NYSE: COL - news) to acquire aircraft interior maker B/E Aerospace (notified March 8/deadline April 12)

-- U.S. car part supplier Lear to acquire Grupo Antolin's automotive seating business (notified March 8/deadline April 12/simplified)

-- Dutch insurer NN Group to acquire Dutch rival Group Delta Lloyd (notified Feb. 22/deadline extended to April 12 from March 29 after the Dutch competition regulator asked to examine the deal)

-- Chinese state-owned company China National Chemical Corp (ChemChina) to acquire Swiss pesticides and seeds group Syngenta (notified Sept. 23/deadline extended to April 12)

APRIL 18

-- Megatrend European Holdings, which is part of property investment company TH Real Estate, and German insurer Allianz (Swiss: ALV-EUR.SW - news) to jointly acquire Finnish company NRF which owns Helsinki-based Kamppi Shopping Centre (notified March 9/deadline April 18)

-- German cement producers Heidelbergcement (IOB: 0MG2.IL - news) and Schwenk to jointly acquire Mexican peer Cemex's Croatian unit (notified Sept. 5/deadline extended to April 18 from March 23)

APRIL 19

-- Private equity firm Advent International to acquire biometrics and security business Morpho from French aerospace group Safran (Milan: SAF.MI - news) (notified Feb. 24/deadline extended to April 19 from March 31 after the companies offered concessions)

-- Private equity firm 3i, Dutch asset manager APG (Shenzhen: 002284.SZ - news) and Danish pension fund ATP to acquire a portfolio of European infrastructure companies from EISER (notified March 10/April 19/simplified)

-- Britain's Rolls-Royce to acquire the remaining 53.1 percent stake in Spanish aircraft engine and components maker Industria de Turbo Propulsores (ITP) (notified Feb. 24/deadline extended to April 19 from March 31 after the companies offered concessions)

APRIL 21

-- French utility Engie (LSE: 0LD0.L - news) to acquire UK property developer Keepmoat Regeneration HOldings (notified March 14/deadline April 21/simplified)

APRIL 24

-- French media company Bollore (Paris: FR0013201365 - news) to acquire control of French company Vivendi (Swiss: VIV.SW - news) (notified March 15/deadline April 24)

-- France's Group Credit Mutuel and French bank BNP Paribas (LSE: 0HB5.L - news) to set up a joint venture (notified March 15/deadline April 24)

-- Bollore Energy, which is part of French group Bollore (LSE: 0IXZ.L - news) , and Total Marketing France, which is part of French energy company Total (LSE: 524773.L - news) , to set up a joint venture (notified March 15/deadline April 24/simplified)

APRIL 25

-- Private equity firm CVC (Taiwan OTC: 4744.TWO - news) to acquire Polish retailer Zabka Polska (notified March 16/deadline April 25/simplified)

APRIL 26

-- Investment company Ardian to acquire majority of France's Prosol, an operator of Grand Frais grocery stores (notified March 17/deadline April 26/simplified)

-- Singapore-based tech communications company Broadcom (Frankfurt: 28425279.F - news) AVGO.O to acquire U.S. networking switches and software maker Brocade (notified March 17/ deadline April 26)

-- Swiss pharmaceutical supplier Lonza Group (LSE: 0QNO.L - news) to acquire U.S. capsule maker Capsugel from private equity firm KKE & Co LP (notified March 17/deadline April 26)

MAY 2

-- Italian energy company Duferco Energia to acquire a business unit from Italian electricity company Energhe S.p.A. (notified March 22/deadline May 2/simplified)

MAY 4

-- Private investment firm KKR & Co. to acquire travel company Travelopia Holdings Ltd and Travelopia USA Inc. (notified March 24/ deadline May 4/simplified)

MAY 5

-- Japan's Panasonic Corporation (Frankfurt: 853666 - news) to acquire Spanish auto parts maker Ficosa International (notified march 27/deadline May 5)

-- Banking services platform Pillarstone to acquire holding company Famar which has activities in the pharmaceutical industry (notified March 27/deadline May 5/simplified)

MAY 8

-- Swiss car importer Emil Frey France to acquire French car parts distributor PGA Group SAS from German carmaker Volkswagen (Xetra: 766400 - news) Group (notified March 28/deadline May 8/simplified)

MAY 12

-- U.S. chemicals group Riechhold and Black Diamond Capital to acquire Italian polymers maker Polynt (Stuttgart: 2746556.SG - news) which is owned by Italian private equity group Investindustrial (notified March 17/deadline May 12/commitments offered March 17)

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. (Reporting by Foo Yun Chee)