EU mergers and takeovers (July 10)

Jacquet Metals SA

10/07/2015 12:20

BRUSSELS, July 10 (Reuters) - The following are mergers 
under review by the European Commission and a brief guide to the 
EU merger process: 
     
    APPROVALS AND WITHDRAWALS 
    -- 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 (approved July 
10)  
    -- 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  (approved July 10) 
    -- U.S. private equity firm Platinum Equity plan to buy 
aviation company Worldwide Flight Services Global Holding 
(approved July 10) 
    -- Harng Central department store to acquire 50.1 percent of 
KS Premium Holding (approved July 10) 
    -- Private equity firms Ardian France and Goldentree Asset 
Management to acquire joint control of do-it-yourself retailer 
Maxeda DIY Group (approved July 10)  
                 
    NEW LISTINGS 
    -- Swiss bakery products maker Aryzta  ARYN.VX  to acquire 
49 percent of frozen food retailer Picard Groupe (notified July 
8/deadline Aug. 13)     
                     
    EXTENSIONS AND OTHER CHANGES 
    None 
     
    FIRST-STAGE REVIEWS BY DEADLINE  
             
    JULY 15 
    -- British Airways-owner IAG's  ICAG.L  to acquire Irish 
airline Aer Lingus  AERL.I  (notified May 27/deadline extened to 
July 15 from July 1 after IAG offered concessions) 
     
    JULY 17 
    -- Australian drugmaker CSL  CSL.AX  to acquire Swiss 
drugmaker Novartis'  NOVN.VX  influenza vaccines business 
(notified June 12/deadline July 17) 
         
    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 22 
    -- French building supplies company St Gobain  SGOB.PA  to 
acquire Swiss chemicals company Sika  SIK.VX  (notified June 
16/deadline July 22) 
             
    JUNE 23 
    -- Meat products group Danish Crown to acquire Danish peer 
Tican (notified June 3/deadline extended to July 23 from July 8 
after the Danish competition regulator asked to review the case) 
    -- Private equity firm CVC Capital Partners to acquire a 65 
percent stake in Dutch food and dietary supplements maker DSM 
 DSMN.AS  (notified June 17/deadline July 23) 
     
    JULY 27 
    -- Swiss supermarket chain Coop Genossenschaft and Swisscom 
to set up an online joint venture (notified June 19/deadline 
July 27/simplified) 
    -- Finnish telecoms equipment maker Nokia  NOK1V.HE  to 
acquire French peer Alcatel-Lucent  ALUA.PA  (notified June 
19/deadline July 27) 
     
    JULY 29 
    -- U.S. drugmaker Mylan  MYL.O  to acquire U.S. peer Perrigo 
 PRGO.N  (notified June 23/deadline July 29) 
    -- U.S. company Berkshire Hathaway  BRKa.N  to acquire U.S. 
personal care and cosmetics company Procter & Gamble's  PG.N  
Duracell battery unit (notified June 23/deadline July 29) 
     
    JULY 30 
    -- Swedish insurer AMF Pensionsforsakring AB and Finnish 
insurer Ilmarinen Mutual Pension Insurance Company to set up a 
joint venture (notified June 24/deadline July 30/simplified) 
    -- Schibsted Distribution and Amedia Distribution Helthjem 
to set up a joint venture (notified June 24/deadline July 
30/simplified) 
     
    AUG 4 
    -- Private equity firm Cinven Capital Management to acquire 
biological testing services company Labco (notified June 
29/deadline Aug. 4/simplified) 
     
    AUG 5 
    -- Asset manager BlackRock and private equity firm First 
Reserve Management to acquire joint control of a joint venture 
building a gas pipeline in Mexico, in which GDF Suez holds a 
stake (notified June 30/deadline Aug. 5/simplified) 
    -- Spanish cars part maker Grupo Antolin  GASI.UL  to 
acquire auto parts maker Magna Interiors from Canadian car parts 
maker Magna International Inc  MG.TO  (notified June 30/deadline 
Aug. 5) 
     
    AUG 6 
    -- U.S. healthcare company Danaher Corp  DHR.N  to acquire 
air and water filter maker Pall Corp  PLL.N  (notified July 
1/deadline Aug. 6/simplified) 
    -- Swiss travel retailer Dufry  DUFN.S  to acquire Italian 
peer World Duty Free  WDF.MI  (notified July 1/deadline 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 7 
    -- Private equity firm CVC Capital Partners to acquire 
beauty products retailer Douglas Group (notified July 2/deadline 
Aug. 7/simplified) 
    -- German insurer Axa Konzern and Compugroup Medical Mobile 
DTL  COPMa.DE  to set up a joint venture (notified July 
2/deadline Aug. 7/simplified) 
     
    AUG 10 
    -- Private equity firm Lone Star Fund IX to acquire textile 
floor coverings producer Balta (notified July 3/deadline Aug. 
10/simplified) 
     
    AUG 11 
    -- Investment fund Apollo Management L.P. to acquire 
Saint-Gobain Emballage, Saint Gobain Vicasa S.A., Saint Gobain 
Vidros and Obale, with the group known as Verallia (notified 
July 6/deadline Aug. 11/simplified) 
     
    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/