Flex logo

FLEX - Flex News Story

$17.42 0.7  4.2%

Last Trade - 13/05/21

Large Cap
Market Cap £5.94bn
Enterprise Value £6.76bn
Revenue £17.17bn
Position in Universe 1021st / 6856

EU mergers and takeovers (June 17)

Wed 17th June, 2015 1:20pm
BRUSSELS, June 17 (Reuters) - The following are mergers 
under review by the European Commission and a brief guide to the 
EU merger process: 
    -- Singapore's Flextronics  FLEX.O  to acquire French 
telecoms company Alcatel-Lucent's  ALUA.PA  Italian assets 
(approved June 17) 
    -- Haring Central department store to acquire 50.1 percent 
of KS Premium Holding (notified June 16/deadline July 
    -- Private equity firm Clayton, Dubilier & Rice Group to 
acquire British petrol station operator Scimitar Topco Ltd 
(notified June 9/deadline July 14/simplified) 
    -- France's Jacquet Metal Service  JCQ.PA  to acquire Swiss 
steel group Schmolz + Bickenbach's steel distribution business 
in Germany, Belgium, the Netherlands and Austria (notified June 
5/deadline July 10)    
    JUNE 19 
    -- Finnish energy company Stl to acquire joint control of 
aviation Fuelling Service Norway AS, which is part of oil 
producer Royal Dutch Shell  RDSa.L  Keele Oy (notified May 
12/deadline June 19) 
    JUNE 22 
    -- U.S. telecoms equipment maker CommScope Holding Co Inc 
 COMM.O  to buy Swiss electronics firm TE Connectivity's network 
gear business BNS (notified May 13/deadline June 22) 
    JUNE 23 
    -- German car parts maker Mahle Behr to acquire U.S. car 
parts maker Delphi's  DLPH.N  Thermal Systems unit (notified May 
18/deadline June 23) 
    JUNE 24 
    -- Public Sector Pension Investment Board and Ontario 
Teachers' Pension Plan Board to jointly acquire Tonopah Solar 
Energy Holdings (notified May 19/deadline June 24/simplified)    
    JUNE 26 
    -- Private equity firm Permira and investment fund Canada 
Pension Plan Investment Board to jointly acquire U.S. software 
company Informatica  INFA.O  (notified May 21/deadline June 
    -- DCC Holding A/S, which is a subsidiary of Irish company 
DCC Plc, and DLG Service A/S, which is unit of Danish 
cooperative DLG Group, to combine their Danish energy businesses 
(notified May 21/deadline June 26) 
    JUNE 29 
    -- French shipping company CMA CGM  CMACG.UL  to acquire 
Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG, 
which is a unit of the Bernhard Schulte GmbH & Co KG (notified 
May 22/deadline June 29) 
    -- French investment fund LBO France to acquire control of 
clothing retailer IKKS (notified May 22/deadline June 
    -- Canada Pension Plan Investment Board to acquire joint 
control of British port operator ABP together with 
infrastructure investor Borealis and Singapore state-owned 
investment vehicle GIC Pte Ltd (notified May 22/deadline June 
    JUNE 30 
    -- U.S. investment firm Centerbridge Partners L.P. to 
acquire Italian lender Banca FarmaFactoring S.p.A (notified May 
26/deadline June 30/simplified) 
    JULY 1 
    -- British Airways-owner IAG's  ICAG.L  to acquire a 
25-percent stake in Irish airline Aer Lingus  AERL.I  (notified 
May 27/deadline July 1) 
    -- China National Chemical Corp to acquire Italian tyre 
maker Pirelli  PECI.MI  (notified May 27/deadlineJuly 1) 
    JULY 2 
    -- British meat producer Dawn Meats to acquire a 49 percent 
stake in French meat producer Elivia which is only wholly owned 
by agricultural cooperative Terrena (notified May 28/deadline 
July 2/simplified)         
    JULY 8 
    -- Aberdeen Infrastructure to acquire a stake in a hospital 
concession from Globalvia Infraestructuras (notified June 
3/deadline July 8) 
    -- Private equity firm Pamplona Capital Management to buy 
pet food supplier Partner in Pet Food Holdings (notified June 
3/deadline July 8/simplified) 
    -- U.S. investment company OpenGate Capital Group Europe to 
acquire chemicals producer Kem One Innovative Vinyls (notified 
June 3/deadline July 8) 
    -- Meat products group Danish Crown to acquire Danish peer 
Tican (notified June 3/deadline July 8) 
    JULY 10 
    -- RTL Nederland Ventures, which is part of German 
publishing group Bertelsmann group, to acquire joint control of 
Dutch advertiser Reclamefolder nl B.V. (notified June 5/deadline 
July 10/simplified) 
    -- U.S. trading group Castleton Commodities International to 
acquire Morgan Stanley's  MS.N  physical oil business (notified 
June 5/deadline July 10/simplified) 
    JULY 17 
    -- Australian drugmaker CSL  CSL.AX  to acquire Swiss 
drugmaker Novartis'  NOVN.VX  influenza vaccines business 
(notified June 12/deadline July 17) 
    -- U.S. private equity firm KKR  KKR.N  plan to buy 
controlling stake in Ursa Insulation Holding BV from Spanish 
building materials group Uralita  URA.MC  (notified June 
12/deadline July 17/simplified) 
    -- U.S. private equity firm Platinum Equity plan to buy 
aviation company Worldwide Flight Services Global Holding 
(notified June 12/deadline July 17/simplified) 
    JULY 20 
    -- U.S. drinks can maker Ball Corp  BLL.N  to acquire 
British rival Rexam Plc  REX.L  (notified June 15/deadline July 
    -- U.S. drugmaker Pfizer  PFE.N  to acquire U.S. peer 
Hospira  HSP.N  (notified June 15/deadline July 20) 
    JULY 24 
     -- German conglomerate Siemens  SIEGn.DE  to purchase U.S. 
oilfield equipment maker Dresser-Rand Group Inc  DRC.N  
(notified Jan. 9/deadline July 24) 
    AUG 6 
    -- Commodities trader Cargill  CARG.UL  to buy rival Archer 
Daniels Midland Co's  ADM.N  global chocolate business (notified 
Jan. 19/deadline Aug. 6/Cargill offers concessions on May 22) 
    AUG 21 
    -- U.S. conglomerate General Electric  GE.N  to acquire most 
of French engineering group Alstom's  ALSO.PA  power equipment 
business (notified Jan. 19/deadline extended for the third time 
to Aug. 21 from Aug. 6) 
    SEPT 2 
    -- Norwegian telecoms company Telenor  TEL.OL  and Swedish 
peer TeliaSonera  TLSN.ST  to combine their Danish mobile 
businesses (notified Feb. 27/deadline extended to Sept. 2 from 
Aug. 19 after the companies asked for more time) 
    -- 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) 
    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  
    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) 
 ((Brussels newsroom; +32 2 287 68 30; 
Keywords: EU MERGERS/
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.