EU mergers and takeovers (March April 4)

Ennoconn

04/04/2017 18:47

BRUSSELS, April 4 (Reuters) - The following are mergers 
under review by the European Commission and a brief guide to the 
EU merger process: 
     
    APPROVALS AND WITHDRAWALS 
    -- Megatrend European Holdings, which is part of property 
investment company TH Real Estate, and German insurer Allianz 
 ALVG.DE  to jointly acquire Finnish company NRF which owns 
Helsinki-based Kamppi Shopping Centre (approved April 3) 
     
    NEW LISTINGS 
    -- Taiwan's Ennoconn  6414.TW , which is part of electronics 
maker Foxconn  2354.TW , to increase its stake in Austrian IT 
group S&T  SANT1.DE  (notified March 31/deadline May 12) 
     
    EXTENSIONS AND OTHER CHANGES 
    None 
     
    FIRST-STAGE REVIEWS BY DEADLINE 
     
    APRIL 4 
    -- U.S. computer and printer maker Hewlett Packard  HPQ.N  
to acquire South Korean group Samsung Electronics'  005930KS  
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  FOXA.O  to acquire the rest of 
European pay-TV company Sky  SKYB.L  it does not own (notified 
March 3/deadline April 7) 
     
    APRIL 10 
    -- Danish container shipping company Maersk  MAERSKb.CO  to 
acquire German peer Hamburg Sud (notified Feb. 20/deadline 
extended to April 10 from March 27 after commitments submitted)  
     
    APRIL 12 
    -- U.S. aircraft component maker Rockwell Collins  COL.N  to 
acquire aircraft interior maker B/E Aerospace  BEAV.O  (notified 
March 8/deadline April 12) 
    -- U.S. car part supplier Lear  LEA.N  to acquire Grupo 
Antolin's automotive seating business (notified March 8/deadline 
April 12/simplified) 
    -- Dutch insurer NN Group  NN.AS  to acquire Dutch rival 
Group Delta Lloyd  DLL.AS  (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)  CNNCC.UL  to acquire Swiss pesticides and seeds 
group Syngenta  SYNN.S  (notified Sept. 23/deadline extended to 
April 12) 
     
    APRIL 18 
    -- German cement producers Heidelbergcement  HEIG.DE  and 
Schwenk to jointly acquire Mexican peer Cemex's  CMXCPO.MX  
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  SAF.PA  (notified Feb. 24/deadline extended to 
April 19 from March 31 after the companies offered concessions) 
    -- Private equity firm 3i  III.L , Dutch asset manager APG 
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  RR.L  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  ENGIE.PA  to acquire UK property 
developer Keepmoat Regeneration HOldings (notified March 
14/deadline April 21/simplified) 
     
    APRIL 24 
    -- French media company Bollore  BOLL.PA  to acquire control 
of French company Vivendi  VIV.PA  (notified March 15/deadline 
April 24) 
    -- France's Group Credit Mutuel and French bank BNP Paribas 
 BNPP.PA  to set up a joint venture (notified March 15/deadline 
April 24) 
    -- Bollore Energy, which is part of French group Bollore 
 BOLL.PA , and Total Marketing France, which is part of French 
energy company Total  TOTF.PA , to set up a joint venture 
(notified March 15/deadline April 24/simplified) 
     
    APRIL 25 
    -- Private equity firm CVC  CVC.UL  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 
AVGO.O to acquire U.S. networking switches and software maker 
Brocade (notified March 17/ deadline April 26) 
    -- Swiss pharmaceutical supplier Lonza Group  LONN.S  to 
acquire U.S. capsule maker Capsugel from private equity firm KKE 
& Co LP  KKR.N  (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.  KKR.N  to acquire 
travel company Travelopia Holdings Ltd and Travelopia USA Inc. 
(notified March 24/ deadline May 4/simplified) 
     
    MAY 5 
    -- Japan's Panasonic Corporation  6752.T  to acquire Spanish 
auto parts maker Ficosa International  FICOS.UL  (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 
Group  VOWG_p.DE  (notified March 28/deadline May 8/simplified) 
     
    MAY 10 
    -- Toyota Industries Europe  6201.T  to acquire Vive, the 
parent company of Dutch industrial company Vanderlande 
Industries Holding B.V (notified March 29/deadline May 
10/simplified) 
     
    MAY 12 
    -- French media group Vivendi  VIV.PA  to acquire de facto 
sole control of Italy's Telecom Italia  TLIT.MI  (notified March 
31/deadline May 12) 
    -- German car makers BMW  BMWG.DE , Daimler  DAIGn.DE  and 
Porsche AG  PSHG_p.DE  and U.S. peer Ford Motor Co  F.N  to 
acquire control of a joint venture (notified March 31/deadline 
May 12/simplified) 
    -- U.S. chemicals group Riechhold  REICH.UL  and Black 
Diamond Capital to acquire Italian polymers maker Polynt 
 ININDY.UL  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) 
 ((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters 
Messaging: foo.yunchee.thomsonreuters.com@reuters.net)) 
 
Keywords: EU M&A/