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Market Cap £5.94bn
Enterprise Value £6.76bn
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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: 
     
    APPROVALS AND WITHDRAWALS 
    -- Singapore's Flextronics  FLEX.O  to acquire French 
telecoms company Alcatel-Lucent's  ALUA.PA  Italian assets 
(approved June 17) 
                 
    NEW LISTINGS 
    -- Haring Central department store to acquire 50.1 percent 
of KS Premium Holding (notified June 16/deadline July 
22/simplified)  
    -- 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)    
     
    EXTENSIONS AND OTHER CHANGES 
    None 
     
    FIRST-STAGE REVIEWS BY DEADLINE  
     
    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 
26/simplified) 
    -- 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 
29/simplified) 
    -- 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 
29/simplified) 
     
    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 
20) 
    -- 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) 
         
    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 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) 
 ((Brussels newsroom; +32 2 287 68 30; 
brussels.newsroom@thomsonreuters.com)) 
 
Keywords: EU MERGERS/
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