Advertisement
UK markets closed
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     
  • AIM

    745.67
    +0.38 (+0.05%)
     
  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     
  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     
  • Bitcoin GBP

    51,698.29
    +654.73 (+1.28%)
     
  • CMC Crypto 200

    1,376.08
    +63.46 (+4.84%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     
  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     

EU mergers and takeovers (April 10)

BRUSSELS, April 10 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- French fashion company LVMH to acquire sole control over British hotel and travel operator Belmond Ltd (approved April 10)

NEW LISTINGS

-- Fund management company DIF Infrastructure, green infrastructure investor Green Investment Group (GIG) and waste-to-energy infrastructure company Covanta Holding Corp to jointly acquire Covanta Europe Assets Ltd and the Dublin Waste-to-Energy facility which is jointly controlled by Covanta and GIG (notified April 9/deadline May 21/simplified)

ADVERTISEMENT

-- Investcorp Investment Holdings and Aberdeen Asset Management plc to set up a joint venture (notified April 1/deadline May 13/simplified)

-- British car parts distributor Alliance Automotive Group, which is a unit of U.S. car parts distributor Genuine Parts Company, to acquire Dutch peer PartsPoint Group (notified April 1/deadline May 13/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

APRIL 24

-- Swedish telecoms provider Telia Company to acquire Bonnier Broadcasting which includes brands such as Swedish TV4 and streaming service C More and Finnish MTV (notified March 15/deadline April 24)

APRIL 25

-- French nursing home operator Financiere Colisee to acquire sole control over Belgian nursing home operator Armonea Group (notified March 18/deadline April 25/simplified)

APRIL 26

-- Liberty House Group to acquire sole control over steel companies Galati/Skopje HoldCo, Paloma S.r.l., ArcelorMittal Ostrava a.s., Liege Steel Industry SA and ArcelorMittal Dudelange S.A. (notified March 19/deadline April 26/simplified)

APRIL 30

-- Italy's doBank S.p.A. to acquire sole control over Altamira Asset Management S.A. and its affiliates with the exception of Altamira Asset Management Cyprus which will remain under joint control with Cyprus Cooperative Bank (notified March 21/deadline April 30/simplified)

-- France's Engie S.A. and Canada's Caisse de Depot et Placement du Quebec to obtain joint control over Brazil's Transportadora Associada de Gas S.A. (notified March 21/deadline April 30/simplified)

MAY 2

-- International power plant supplier Ansaldo Energia and Russia's REP Holding to create REPH Ansaldo Gas Turbine joint venture (notified March 22/deadline May 2/simplified)

-- U.S.-based private equity companies TA Associates Management and Vista Equity Partners Management to acquire joint control over Aptean Inc. and Yaletown Acquiror (notified March 22/deadline May 2/simplified)

MAY 3

-- Gemany's Daimler and China's Geely Technology Group to create a ride-hailing joint venture in China (notified March 25/deadline May 3/simplified)

MAY 6

-- Electricity company Sev.en Energy Group and Chinese peer China Huaneng Group to acquire joint control of electricity provider InterGen B.V. (notified March 26/deadline May 6/simplified)

MAY 7

-- U.S. plastics maker Berry Global Group to acquire British packager RPC (notified March 27/deadline May 7/simplified)

MAY 8

-- Private equity firm OEP Capital Advisors to acquire powertrain product maker Walterscheid Powertrain

MAY 10

-- British private equity company 3i Group, TIIC 2 and Aberdeen Infrastructure to acquire joint control over DirectRoute Holdings in relation to the acquisition of an interest in a concession for the operation and maintenance of the M8 Rathcormac/Femoy Bypass toll road in Ireland (notified March 29/deadline May 10/simplified)

-- Agos Ducato, an Italian consumer credit joint venture between France's CA Consumer Finance and Italian bank Banco BPM, to accquire the entire share capital of Italy's ProFamily from Banco BPM )notified March 29/deadline May 10/simplified)

-- Swiss insurer Swiss Life and British private equity firm Montagu to jointly acquire German property developer Pondus (notified March 29/deadline May 10/simplified)

MAY 13

-- Polish investment company Polski Fundusz Rozwoju (PFR), Singapore shipping terminal operator PSA and Australian investment manager IFM Investors to acquire joint indirect control of quay operator DCT Gdansk and its parent company Gdansk Port Holdings which is owned by Australian fund Macquarie (notified April 1/deadline May 13/simplified)

- Iconex to acquire sole control over R+S Group and Hansol Denmark and its subsidiary Schades Group (notified April 1/deadline May 13)

MAY 17

-- Swedish packager BillerudKorsnas and plastic packager Alpla Holding to jointly acquire Ecoxpac which develops pulp solutions for packaging purposes (notification April 5/deadline May 17/simplified)

MAY 20

-- Electronic and motor manufacturing company Nidec to acquire sole control of U.S. white goods maker Whirlpool Corp's compressor subsidiary Embraco (notified Oct. 8/deadline extended to May 20 from May 13)

-- PSA Baltics, PFR Porty and Global InfraCo to acquire joint indirect control of DCT Gdansk S.A.'s parent company Gdansk Port Holdings (notified April 1/deadline May 13/simplified)

-- Car parts distributor Alliance Automotive Group to acquire sole control over aftermarket vehicle parts distributor PartsPoint Group (notified April 1/deadline May 13/simplified)

-- Investcorp Investment Holdings and Aberdeen Asset Management to create investment advisory services joint venture (notified April 1/deadline May 13/simplified)

JUNE 3

-- UK mobile telephony provider Vodafone to acquire U.S. Liberty Global's telecommunications business in the Czech Republic, Germany, Hungary and Romania (notified Oct. 19/deadline June 3)

JUNE 5

-- Germany's Thyssenkrupp and India's Tata Steel to set up a steel joint venture (notified Sept. 25/deadline extended to June 5 from May 13 after offering concessions)

AUG 8

-- U.S. aluminum company Novelis, which is a unit of India's Hindalco Industries Ltd, to acquire aluminum processor Aleris (notified Feb. 18/deadline extended to Aug. 8 from March 25 after the European Commission opened an in-depth investigation)

DEADLINE SUSPENDED

-- German energy company E.ON to acquire German peer Innogy's retail and network activities (notified Jan. 31/deadline suspended on March 22)

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 Clare Roth;)