EU mergers and takeovers (Sept 27)

Harbin Electric

27/09/2017 18:24

BRUSSELS, Sept 27 (Reuters) - The following are mergers 
under review by the European Commission and a brief guide to the 
EU merger process: 
     
    APPROVALS AND WITHDRAWALS 
    -- Hong Kong's CK Infrastructure Holdings Ltd  1038.HK  and 
Cheung Kong Property Holdings Ltd  1113.HK  to indirectly 
acquire joint control of Luxembourg-based heat and water 
sub-metering company the ista group (approved Sept. 21) 
     
    NEW LISTINGS 
    -- British company CRH plc  CRH.I  to acquire XI (RMAT) 
Holdings GmbH, the German holding company of limestone producer 
Fels-Werke GmbH which is part of Xella International (notified 
Sept. 25/deadline Oct. 30) 
    -- French energy company Engie  ENGIE.PA  and Caisse des 
Depots et Consignations  CDCEC.UL  to acquire joint control of a 
wind power producer (notified Sept. 26/deadline Oct. 
31/simplified) 
    -- German chemicals company Evonik  EVKn.DE  and Dutch peer 
DSM  DSMN.AS  to set up a joint venture (notified Sept. 
22/deadline Oct. 27/simplified) 
     
    EXTENSIONS AND OTHER CHANGES 
    None 
     
    FIRST-STAGE REVIEWS BY DEADLINE 
     
    SEPT 29 
    -- Irish agribusiness company ABP Food Group to acquire an 
additional stake in Linden Foods Limited, active in the 
slaughtering and processing of beef and ovine animals (notified 
Aug. 25/deadline Sept. 29) 
    -- 3M  MMM.N  to buy Johnson Controls' safety gear unit 
Scott Safety  JCI.N  (notified Aug. 25/deadline Sept. 29) 
     
    OCT 4 
    -- Private equity firm KKR  KKR.N  and U.S. pharmaceutical 
retailer Walgreens Boots Alliance  WBA.O  to acquire indirectly 
joint control of U.S. pharmaceutical services provider 
PharMerica  PMC.N  (notified Aug. 30/deadline Oct. 4/simplified) 
    -- U.S. medical equipment supplier Becton Dickinson and Co 
 BDX.N  to acquire U.S. peer C R Bard Inc  BCR.N  (notified Aug. 
30/deadline Oct. 4) 
     
    OCT 5 
    -- Australian investment firm IFM Investors Pty Ltd and 
Singapore shipping terminal operator PSA International Pte Ltd 
 PSAIN.UL  to jointly acquire Turkish terminal operator Mersin 
(notified Aug. 31/deadline Oct. 5/simplified) 
     
    OCT 6 
    -- Japanese healthcare company Konica Minolta  4902.T  to 
acquire U.S. diagnostics company Ambry Genetics (notified Sept. 
1/deadline Oct. 6/simplified) 
     
    OCT 11 
    -- French banks Societe Generale  SOGN.PA  and BNP Paribas 
 BNPP.PA  to acquire joint control of German office building 
owner Horizon Development GmbH (notified Sept. 6/deadline Oct. 
11/simplified) 
     
    OCT 12 
    -- Dutch property developer Unibail Rodamco  UNBP.AS  and 
German real estate fund Commerz Real Investmentgeseelschaft to 
jointly acquire Czech shopping centre owner CGI Metropole 
(notified Sept. 7/deadline Oct. 12/simplified) 
     
    OCT 13 
    -- Bermuda-headquartered reinsurer Axis Capital Holdings Ltd 
 AXS.N  to acquire UK insurer Novae  NVA.L  (notified Sept 
13/deadline Oct 18/simplified) 
    -- Mirova Core Infrastructure, COMSA and Dutch fund manager 
PGGM to acquire joint control of Mircom Concesiones de 
Infraestructuras (notified Sept. 8/deadline Oct. 13/simplified) 
    -- Italian infrastructure group Atlantia  ATL.MI  to acquire 
Spanish rival Abertis  ABE.MC  (notified Sept. 8/deadline Oct. 
13) 
    -- Anglo-Dutch oil group Royal Dutch Shell  RDSa.L  to 
acquire indirect joint control of natural gas producer Crestwood 
Permian Basin LLC which is now solely controlled by Crestwood 
Permian Basin Holdings (notified Sept. 8/deadline Oct. 
13/simplified) 
    -- Private equity firms Blackstone, Massachusetts Mutual 
Life Insurance Company and Cambourne Life Investment Pte Ltd to 
acquire joint control of UK insurer Rothesay Ho1dCo UK Ltd 
(notified Sept. 8/deadline Oct. 13/simplified) 
     
    OCT 16 
    -- Swiss food company Nestle  NESN.S  to acquire sole 
control of Beverage Partners Worldwide, a joint venture between 
Nestle and the Coca-Cola Co  KO.N  (notified Oct. 11/deadline 
Oct. 16) 
    -- Private equity firm Lone Star to acquire Spanish 
insulation materials maker Ursa Insulation (notified Sept. 
11/deadline Oct. 16/simplified) 
     
    OCT 17 
    -- U.S. specialty material company Celanese  CE.N  and 
private equity firm Blackstone  BX.N  to combine their cellulose 
acetate tow units under a new joint venture (notified Sept. 
9/deadline Oct. 17) 
    -- Private equity firm Advent to acquire communications 
services company Williams Lea  WLMSL.UL  (notified Sept. 
12/deadline Oct. 17/simplified) 
     
    OCT 18 
    -- Bermuda-headquartered reinsurer Axis Capital Holdings Ltd 
to acquire UK insurer Novae  NVA.L  (notified Sept. 13/deadline 
Oct. 18/simplified) 
    -- German insurer Allianz  ALVG.DE  to acquire UK financial 
services group Liverpool Victoria Friendly Society Ltd's  LV.UL  
general insurance businesses (notified Sept. 13/deadline Oct. 
18/simplified) 
     
    OCT 20 
    -- U.S. life sciences company Avantor to acquire U.S. lab 
supplies company VWR  VWR.O  (notified Sept. 15/deadline Oct. 
20) 
    -- U.S. fashion group Michael Kors  KORS.N  to acquire 
British shoemaker Jimmy Choo  CHOO.L  (notified Sept. 
15/deadline Oct. 20/simplified) 
    -- U.S. company AES Corp  AES.N  and German conglomerate 
Siemens  SIEGn.DE  to acquire joint control of a joint venture 
(notified Sept. 15/deadline Oct. 20/simplified) 
     
    OCT 23 
    -- French carmaker Renault  RENA.PA  to acquire a 29 percent 
stake in electric car smart charging services provider Jedlix, 
which is now jointly controlled by Dutch renewable energy 
company Eneco Groep (notified Sept. 18/deadline Oct. 
23/simplified) 
    -- Dutch warehouse owner Borealis European Holdings B.V., 
Ontario Teachers' Pension Plan Board and SSE to acquire joint 
control of UK energy meter company Maple (notified Sept. 
18/deadline Oct. 23/simplified)     
    -- French carmaker Renault  RENA.PA  to acquire a 25 percent 
stake in electric car charging services Jedlix (notified Sept. 
18/deadline Oct. 23/simplified) 
     
    OCT 24 
    -- U.S. company Platinum Equity Group to acquire UK 
aerospace distributor Pattonair Holdings Ltd (notified Sept. 
19/deadline Oct. 24/simplified) 
    -- UK energy company Greenergy to acquire fuel supplier 
Inver Energy Ltd (notified Sept. 19/deadline Oct. 24) 
     
    OCT 25 
    -- Jacobs Engineering Group to acquire technical consulting 
services provider CH2M Hill Companies (notified Sept. 
20/deadline Oct. 25/simplified) 
    -- Private equity firm Warburg Pincus  WP.UL  and carmaker 
Tata Motors  TAMO.NS  to jointly acquire Tata Technologies 
(notified Sept. 20/deadline Oct. 25/simplified) 
     
    OCT 26 
    -- Luxembourg-based steelmaker ArcelorMittal  MT.AS  to 
acquire Italian steel plant (notified Sept. 21/deadline Oct. 26) 
    -- French car parts maker Valeo  VLOF.PA  to acquire German 
clutch maker FTE Automotive(notified Sept. 7/deadline Oct. 
26/commitments submitted Sept. 7) 
     
    JAN 22 
    -- German industrial group Bayer  BAYGn.DE  to acquire U.S. 
seeds company Monsanto  MON.N  (notified June 30/deadline 
extended to Jan. 22 from Jan. 8 after the companies asked for 
more time) 
     
    FEB 12 
    -- Italian eyewear maker Luxottica  LUX.MI  and French lens 
manufacturer Essilor  ESSI.PA  to merge (notified Aug. 
22/deadline extended to Feb. 12 from Sept. 26 after the European 
Commission opened an in-depth investigation) 
     
    DEADLINE SUSPENDED 
    -- U.S. smartphone chipmaker Qualcomm  QCOM.O  to acquire 
Dutch company NXP Semiconductors NV  NXPI.O  (notified April 
28/deadline suspended from Aug. 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/