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

    52,012.05
    +730.89 (+1.43%)
     
  • CMC Crypto 200

    1,334.09
    +21.47 (+1.64%)
     
  • 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 (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

-- Private equity (LSE: 0QLS.L - news) firm Cinven Capital Management and the Canada Pension Plan Investment Board to jointly acquire accomodation and travel services company Hotelbeds Group from German travel group TUI AG (LSE: 0NLA.L - news) (approved June 21)

NEW LISTINGS

-- Czech energy group Energeticky a prumyslovy holding, a.s (EPH) to acquire Italian utility Enel (LSE: 0NRE.L - news) 's Slovakian company Slovenske elektrarne a.s (notified June 20/deadline July 26)

ADVERTISEMENT

-- French oil and gas producer Total (LSE: 524773.L - news) to acquire sole control of French industrial battery maker Saft Groupe S.A (LSE: 0FVZ.L - news) . (notified June 17/deadline July 25/simplified)

EXTENSIONS AND OTHER CHANGES

None

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

JUNE 27

-- Hotel (LSE: 31142665.L - news) chain Marriott International (NasdaqGS: MAR - news) to acquire Starwood Hotels & Resorts (notified May 23/deadline June 27)

JUNE 28

-- World Fuel Services Corp (NYSE: INT - news) to acquire ExxonMobil's fueling business at 83 airports (notified May 24/deadline June 28)

JUNE 29

-- Private equity firm Advent International to acquire New (KOSDAQ: 160550.KQ - news) Zealand resins and coating company Nuplex Industries (notified May 25/deadline June 29)

JULY 1

-- M&G Alternatives Investment Management, a unit of UK insurer Prudential plc (HKSE: 2378.HK - news) , and U.S (Other OTC: UBGXF - news) . private equity firm Anchorage Capital Group to jointly acquire UK services provider PHS Group Investments (notified May 27/deadline July 1/simplified)

JULY 4

-- Private equity firms TPG Capital and Partners Group to jointly acquire shopping centers and retail parks in Italy and Spain from TH Real Estate (notified May 30/deadline July 4/simplified)

-- German industrial company Freudenberg to acquire sole control of German maker of car vibration control technology Vibracoustic, which it now jointly controls with Swedish industrial rubber company Trelleborg (Amsterdam: 614701.AS - news) (notified May 30/deadline July 4/simplified)

JULY 6

-- U.S. generic drugmaker Mylan (Hamburg: 27249935.HM - news) to acquire Swedish peer Meda (notified June 1/deadline July 6)

-- Private equity firm Silver Lake Group to acquire sole control of French IT services provider Cegid (notified June 1/deadline July 6/simplified)

JULY 7

-- German agricultural commodities cooperative Agravis to acquire a minority stake in German palm products and animal feed trading house H. Boegel from Singapore-listed commodities group Wilmar International (notified June 2/deadline July 7)

-- Spanish bank Banco Santander (Amsterdam: 817651.AS - news) to acquire some of Portuguese lende Banif's assets (notified June 2/deadline July 7)

JULY 11

-- French company Plastic Omnium to acquire French car parts maker Faurecia (Other OTC: FURCF - news) 's auto exteriors business (notified May 23/deadline extended to July 11 from June 27 after Omnium offered concessions)

-- British insurer Aviva Group and Credit Mutuel Insurance Group to acquire joint control of an office building in Paris, France (notified June 6/deadline July 11/simplified)

JULY 13

-- French conglomerate Bouygues (LSE: 0HAN.L - news) , French airport developer Aeroports de Paris (Other OTC: AEOXF - news) and infrastructure project investor Meridiam to acquire joint control of Ravinala Airports which will develop and maintain airports in Madagascar (notified June 8/deadline July 13/simplified)

-- German company Boehringer Ingelheim to acquire French pharmaceutical company Sanofi (LSE: 0O59.L - news) 's animal health buisness (notified June 8/deadline July 13)

JULY 14

-- UK packaging maker RPC Group (LSE: RPC.L - news) to acquire British Polythene Industries (notified June 9/deadline July 14/simplified)

-- Spanish online bank Bancopopular-e, which is 49 percent owned by Banco Popular Espanol, to acquire UK lender Barclays (LSE: BARC.L - news) ' consumer payments business in Portugal and Spain (notified June 9/deadline July 14/simplified)

JULY 15

-- U.S. company Verizon Communications (Xetra: 868402 - news) and U.S. publisher Hearst Corp to jointly acquire U.s. digital media company Complex (notified June 10/deadline July 15/simplified)

-- Private equity firm PIA Partners-owned R&R Ice Cream and Nestle (VTX: NESN.VX - news) to set up a joint venture to sell ice cream and frozen food (notified June 10/deadline July 15)

-- Polish investment company Kulczyk Holding S.A. and construction company Strabag Sp. z.o.o., which is a unit of Austrian construction group Strabag SE (LSE: 0MKP.L - news) , to set up a joint venture (notified June 10/deadline July 15/simplified)

JULY 19

-- British mobile telephony operator Vodafone and U.S. cable company Liberty Global (NasdaqGS: LBTYA - news) to merge their Dutch operations (notified June 14/deadline July 19)

-- Dutch investment company NPM Capital and Thijs Hendrix Beheer B.V. to jointly acquire animal and fish breeder Hendrix Genetics, which is now controlled by Thijs Hendrix Beheer (notified June 14/deadline July 19/simplified)

JULY 20

-- U.S. private equity firm AEA to acquire Danish freight forwarder Scan Global Logistics (notified June 15/deadline July 20/simplified)

-- Private investor firms Partners Group and Infrared Capital Partners to jointly acquire Merkur Offshore (notified June 15/deadline July 20/simplified)

-- French drugmaker Sanofi to acquire Germany company Boehringer Ingelheim's consumer healthcare business (notified June 15/deadline July 20)

JULY 22

-- Spanish online bank Bancopopular-e, which is 49-percent owned by Banco Popular Espanol, to acquire Portuguese lender Banco Popular Portugal's payment cards' buisness (notified June 16/deadline July 22/simplified)

-- Private investment company Maxburg Investments II GmbH & Co and VR Equity Partner to jointly acquire German fabric producer Norafin Verwaltungs GmbH (notified June 16/deadline July 22/simplified)

-- Investment bank Goldman Sachs (NYSE: GS-PB - news) and Deutsche Bank (LSE: 0H7D.L - news) to jointly acquire some assets from National Bank (NYSE: NBHC - news) of Greece (notified June 16/deadline July 22/simplified)

JULY 25

-- Finnish crane maker Konecranes (LSE: 0MET.L - news) to acquire U.S. crane maker Terex's cranes business for ports and factories (MHPS) (deadline June 17/deadline July 25)

-- U.S. private equity firm Warburg Pincus and French investment firm Wendel (LSE: 0HZD.L - news) to set up a joint venture (notified June 17/deadline July 25/simplified)

AUG 10

-- Airbus Safran Launchers, a 50/50 joint venture between Airbus and Safran (LSE: 0IU8.L - news) , to acquire sole control of satellite group Arianespace (notified on Jan. 8/deadline extended to Aug. 10 from July 27/concessions offered May 4)

SEPT 8

-- CK Hutchison Holdings Ltd and Vimpelcom to merge their Italian mobile operations (notified Feb. 5/deadline extended to Sept. 8 from Aug 18)

OCT (HKSE: 3366-OL.HK - news) 18

-- U.S. rail equipment maker Wabtec Corp to acquire French peer Faiveley Transport SA (notified April 4/deadline extended for the second time to Oct 18 from Sept. 20)

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 (Other OTC: ITGL - news) 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)