Advertisement
UK markets close in 7 hours 37 minutes
  • FTSE 100

    8,062.26
    +38.39 (+0.48%)
     
  • FTSE 250

    19,655.37
    +55.98 (+0.29%)
     
  • AIM

    751.32
    +2.14 (+0.29%)
     
  • GBP/EUR

    1.1574
    -0.0014 (-0.12%)
     
  • GBP/USD

    1.2362
    +0.0012 (+0.10%)
     
  • Bitcoin GBP

    53,567.39
    +80.96 (+0.15%)
     
  • CMC Crypto 200

    1,394.29
    -20.47 (-1.45%)
     
  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     
  • DOW

    38,239.98
    +253.58 (+0.67%)
     
  • CRUDE OIL

    82.41
    +0.51 (+0.62%)
     
  • GOLD FUTURES

    2,323.90
    -22.50 (-0.96%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,835.56
    +323.87 (+1.96%)
     
  • DAX

    17,983.64
    +122.84 (+0.69%)
     
  • CAC 40

    8,061.68
    +21.32 (+0.27%)
     

EU mergers and takeovers (Nov 4)

BRUSSELS, Nov 4 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

None

NEW LISTINGS

-- Spanish telecoms provider Telefonica (Madrid: TEF.MC - news) to buy Dutch peer KPN (Amsterdam: KPN.AS - news) 's German unit (notified Oct (KOSDAQ: 039200.KQ - news) . X/deadline Dec. 6)

-- French energy company GDF Suez (TLO: GAZ-U.TI - news) to buy British industrial company Balfour Beatty plc (Other OTC: BAFBF - news) 's British facilities management unit (notified Oct. 31/deadline Dec. 6/simplified)

-- Russian gas company Gazprom (MCX: GAZP.ME - news) and German energy company Wintershall Holding GmbH to swap certain gas production assets (notified oct. 30/deadline Dec. 5)

ADVERTISEMENT

-- Japanese parcel services provider Nippon Express Co Ltd to buy 67 percent of Panasonic Logistics which is owned by Japanese electronics group Panasonic Corp (notified oct. 30/deadline Dec. 5/simplified)

-- Private equity firm Apax Partners to acquire Italian motor cars trader RhiagInter Auto Parts Italia S.p.A (notified Oct. 25/deadline Dec. 2/simplified)

EXTENSIONS AND OTHER CHANGES

None

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

NOV 5

-- Switzerland-based INEOS and Belgian chemicals company Solvay (Other OTC: SVYSF - news) to form a joint venture (notified Sept. 16/deadline extended to Nov. 5 from Oct. 21 after Solvay offered concessions)

NOV 6

-- South African furniture retailer Steinhoff International (Other OTC: SNHFY - news) Holdings to acquire electrical appliances retailer Rudolf Leiner Gesellschaft m.b.H. and LKM Beteiligungsgesellschaft m.b.H. (notified Oct. 1/deadline Nov. 6/simplified)

-- Hutchison 3G UK to acquire Telefonica Ireland, a unit of Spanish telecoms provider Telefonica (notified Oct. 1/deadline Nov. 6)

NOV 12

-- U.S. maker of scientific and laboratory equipment Thermo Fisher Scientific to buy genetic testing equipment maker Life Technologies (notified Oct. 7/deadline Nov. 12)

NOV 14

-- Japanese trading house Mitsui & Co (Frankfurt: 853656 - news) , Iskandar Investment Berhad (IIB) which is majority owned by Malaysian state investor Khazanah Nasional Berhad, and investment company UWI Capital One to acquire joint control of Medini Iskandar Malaysia Sdn Bhd, which is now jointly controlled by IIB and UWI (notified Oct. 9/deadline Nov. 14/simplified)

NOV 18

-- U.S. asset management fund Ares Management LLC and Canada's Ontario Teachers Pension Plan Board to acquire joint control of U.S. building products company CPG International LLC, which is now solely controlled by Ares (notified Oct. 11/deadline Nov. 18/simplified)

-- Norwegian telecoms operator Telenor (Other OTC: TELNF - news) to take a stake in a venture owned by Norwegian publishing house Schibsted (Stockholm: SCH-O.ST - news) and Singapore Press Holdings, and also to set up a joint venture with Schibsted (Other OTC: SBSNF - news) focusing on South American (Berlin: RIS.BE - news) business (notified Oct. 11/deadline Nov. 18/simplified)

-- Parkwind, which is an investment vehicle of Belgian supermarket chain Colruyt Group, and special purpose vehicle Summit Renewable Energy, which is owned by Japan's Sumitomo Corp (Dusseldorf: SUMA.DU - news) , to acquire joint control of wind farm operator Belwind 1, which is now solely owned by Summit (LSE: SUMM.L - news) Renewable Energy (NasdaqGS: REGI - news) (notified Oct. 11/deadline Nov. 18/simplified)

-- French luxury goods company LVMH (TLO: LVMH.TI - news) to buy an 80 percent stake in Italian luxury cashmere clothing brand Loro Piana (notified Oct. 11/deadline Nov. 18/simplified)

NOV 21

-- Czech energy company EPH to acquire Slovakian power distributor Stredoslovenska Energetika (SSE (LSE: SSE.L - news) ) from French state-controlled utility EDF (Berlin: E2F.BE - news) (notified Oct. 15/deadline Nov. 21)

NOV 25

-- Private equity investor 3i Group to acquire sole control of ferry operator Scandferries Holdings which is now jointly controlled by 3i and ACP Affiliates (notified Oct. 18/deadline Nov. 25/simplified)

NOV 26

-- U.S. bank Goldman Sachs (NYSE: GS-PB - news) to acquire sole control of British motor insurer Hastings Insurance Group (notified Oct. 21/deadline Nov. 26/simplified)

NOV 27

-- Japan's Suntory Beverage & Food Ltd to buy British drugmaker GlaxoSmithKline Plc (Other OTC: GLAXF - news) 's Lucozade and Ribena brands (notified Oct. 22/deadline Nov. 27)

NOV 29

-- French industrial group Schneider Electric (EUREX: DE000A1L1844.EX - news) to buy British engineer Invensys (Frankfurt: SBPD.F - news) (notified Oct 24/deadline Nov. 29)

DEC 2

-- Private equity group Blackstone (NYSE: BX - news) and investment bank Goldman Sachs to acquire joint control of British insurer Rothesay Life which is now solely owned by Goldman Sachs (notified Oct. 25/deadline Dec. 2)

DEC 3

-- British private equity firm EQT VI to buy Finnish healthcare services company Terveystalo Healthcare (notified Oct. 28/deadline Dec. 3)

-- Private equity investors Altor Funds and TryghedsGruppen to merge their Nordic (SES: MR7.SI - news) fitness companies Elixia Holding III AS and Health & Fitness Nordic AB (notified Oct. 28/deadline Dec. 3)

DEC 4

-- Microsoft (Berlin: MSF.BE - news) to acquire Nokia (Stockholm: NOKI-SEK.ST - news) 's phone business (notified Oct. 29/deadline Dec. 4)

-- Airport ground and cargo services handler Swissport, which is owned by private equity company PAI Partners, to acquire Servisair from French company Derichebourg SA (notified Oct. 29/deadline Dec. 4)

MARCH 10

-- Swiss cement maker Holcim (Other OTC: HCMLY - news) to buy some of Mexican peer Cemex's assets in Germany (notified Sept. 3/dateline extended to March 10 from Oct. 22 after the Commission opened an in-depth investigation into the deal)

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.