EU mergers and takeovers (June 19)

Kansai Paint

19/06/2018 20:32

BRUSSELS, June 19 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
    
    APPROVALS AND WITHDRAWALS
    -- Japanese trading company Sumitomo Corp  8053.T  and
Sumitomo Mitsui Financial Group  8316.T  to acquire joint
control of Sumitomo Mitsui Finance and Leasing Co (approved June
18)
    
    NEW LISTINGS
    -- French aerospace and defence group Thales  TCFP.PA  to
acquire Franco-Dutch chipmaker Gemalto  GTO.AS  (notified June
18/deadline July 23)
    -- Dutch car parts maker Samvardhana Motherson Automotive
Systems to acquire Dutch peer Reydel Automotive (notified June
18/deadline July 23/simplified)   
    -- Private equity firm Blackstone  BX.N  to acquire a
majority stake in Thomson Reuters'  TRI.TO  Financial and Risk
(F&R) unit (notified June 15/deadline July 20)
    -- Private equity firm Cinven  CINV.UL  to acquire pet food
company Partner in Pet Foods Holdings (notified June 15/deadline
July 20/simplified)
    -- Finnish biofuel company Neste  NESTE.HE  to acquire a
majority stake in Dutch animal fat trader Demeter Animal Fats
and Proteins (notified June 15/deadline July 20)
    -- Japanese trading company Mitsui & Co  8031.T  and
Japanese chemicals Kansai Paint Co Ltd  4613.T  to set up a
joint venture (notified June 14/deadline July 19/simplified)
    -- French telecoms and construction company Bouygues
 BOUY.PA  to acquire German construction and industrial services
companies Alpiq Inteq and Kraftanlagen Muenchen (notified June
13/deadline July 18/simplified)
    -- Investment company Pimco and Polish property developer
Echo Investment S.A. to set up a joint venture (notified June
13/deadline July 18/simplified)
    -- Business travel services company Global Business Travel
Holdings Ltd, which is jointly controlled by American Express Co
 AXP.N  and Qatar Holding, to acquire UK peer Hogg Robinson
Group Plc  HRG.L  (notified June 8/deadline July 13)
    
    EXTENSIONS AND OTHER CHANGES
    -- T-Mobile Austria, which is a unit of German telecoms
company Deutsche Telekom  DTEGn.DE , to acquire UPC Austria,
which is a subsidiary of cable operator UPC  UPC.UL  (notified
May 18/deadline extended to July 9 from June 25 after T-Mobile
Austria offered concessions)
    
    FIRST-STAGE REVIEWS BY DEADLINE
    
    JUNE 19
    -- Japan's Mitsubishi Corp  8058.T  and investment company
Arjun Infrastructure Partners to acquire joint control of
British services company South Staffordshire plc (notified May
14/deadline June 19/simplified)
    
    JUNE 26
    -- German company BASF  BASFn.DE  to acquire Belgian
chemicals company Solvay's  SOLB.BR  worldwide polyamide
business (notified May 22/deadline June 26)
    -- Private equity firm Permira to acquire tech software
company Exclusive Group (notified May 22/deadline June
26/simplified)
    
    JUNE 27
    -- Private equity firm Rhone Capital LLC and founders of
swimming pool equipment maker Fluidra to acquire joint control
of the merged Fluidra and its peer Zodiac Holdco (notified May
3/deadline extended to June 27 from June 13 after the companies
offered concessions)
    -- Private equity firm Permira  PERM.UL  to acquire Cisco
System's  CSCO.O  video software unit (notified Nat 23/deadline
June 27/simplified)
    -- U.S. chemicals company Lyondellbasell Industries  LYB.N 
to acquire U.S. peer A. Schulman  SHLM.O  (notified May
23/deadline June 27)
    
    JUNE 28
    -- French bank BNP Paribas  BNPP.PA  to acquire ABN Amro
Bank Luxembourg from Dutch bank ABN Amro  ABNd.AS  (notified May
24/deadline June 28/simplified)
    
    JUNE 29
    -- Israeli drugmaker Teva  TEVA.TA  to acquire sole control
of part of U.S. consumer products maker Procter & Gamble's
 PG.N  OTC business in which it currently has a minority stake
(notified May 25/deadline June 29)
    
    JULY 2
    -- British bank HSBC  HSBA.L  and U.S. payment technology
services provider Global Payments  GPN.N  to set up a joint
venture in Mexico (notified May 28/deadline July 2/simplified)
    
    JULY 4
    -- French pension scheme and insurance services provider
Malakoff Mederic and Finnish peer Ilmarinen to jointly acquire
Luxembourg property developer Alto 1 S.a.r.l (notified May
30/deadline July 4/simplified)
    -- British drugmaker Phoenix Group to acquire Romanian
pharmaceutical wholesaler Farmexim SA and Romanian pharmacy
chain Help Net Farma (notified May 30/deadline July
4/simplified)
    -- U.S. private equity firm Francisco Partners to acquire
payments technology company Verifone Systems  PAY.N  (notified
May 30/deadline July 4/simplified)
    
    JULY 5
    -- U.S. private equity firms Baring Asia Private Equity Fund
and PAI Europe VI Funds to acquire joint control of
Luxembourg-based air cargo general sales and service agent WFC
International (notified May 31/deadline July 5/simplified)
    
    JULY 6
    -- Italian motorway operator Atlantia  ATL.MI  and German
builder ACS Hochtief  HOTG.DE  to jointly acquire Spanish
construction company Abertis Infraestructuras  ABE.MC  (notified
June 1/deadline July 6)
    -- Private equity firm Silver Lake to acquire British
company ZPG  ZPG.L , the owner of real estate website Zoopla
(notified June 1/deadline July 6/simplified)
    -- Dutch offshore wind farm companies Otary, Eneco Wind
Belgium and Belgian electricity utility Electrabel  GSZEL.UL  to
set up a joint venture (notified June 1/deadline July 6)
    
    JULY 9
    -- Copper company KME, which is part of Intek Group, to
acquire German peer MKM Mansfelder Kupfer and Messing GmbH
(notified June 4/deadline July 9)
    
    JULY 10
    -- Chinese private equity firm China Jianyin Investment
Limited and investment company Tamar Alliance Health Limited to
jointly acquire Australian healthcare company Australia Nature's
Care Biotech (notified June 5/deadline July 10/simplified)
    -- U.S. planemaker Boeing  BA.N  and French aerospace
company Safran  SAF.PA  to set up a joint venture to make and
service aircraft auxiliary power units (notified June 5/deadline
July 10/simplified)
    
    JULY 11
    -- British investment company Intermediate Capital Group to
acquire German fire extinguisher maker Minimax Viking (notified
June 6/deadline July 11/simplified)
    
    JULY 12
    -- French energy company Total  TOTF.PA  directo acquire
French power utility Direct Energie  DIREN.PA  (notified June
7/deadline July 12/simplified)
    -- Private equity firm Partners Group and the Canada Pension
Plan Investment Board to have joint control of U.S.software
company GlobalLogic which is now jointly controlled by CPPIB and
private equity firm Apax Partners (notified June 7/deadline July
12/simplified)
    -- Irish carrier Ryanair  RYA.I  to acquire Austrian peer
Laudamotion (notified June 7/deadline July 12)
    -- South African chemicals company Tronox  TROX.N  to
acquire the titanium dioxide business of Cristal, a subsidiary
of Saudi Arabia's Tasnee (notified Nov. 15/deadline extended to
July 12 after the companies offered concessions)
    
    JULY 13
    -- German mail order company Kaiser+Kraft and German tool
maker Hoffmann to acquire joint control of Germany company
Simple System GmbH & Co KG (notified June 8/deadline July
13/simplified)
    -- Private equity firm Advent International to acquire
generics drugmaker Zentiva from French healthcare group Sanofi 
 SASY.PA  (notified June 8/deadline July 13/simplified)
    -- Italian company Snam  SRG.MI  to acquire Greek gas grid
operator DESFA (notified June 8/July 13/simplified)
    -- Siemens  SIEGn.DE  and Alstom  ALSO.PA  to merge their
railway operations (notified June 8/deadline July 13)
    
    JULY 16
    -- Japanese property developer MEC to acquire joint control
of Sime Darby MIT Development Sdn Bhd, which is a joint venture
by Japanese trading house Mitsui  8031.T  and Sime Darby
Property Sungai Kapar (notified June 11/deadline July
16/simplified)
    -- U.S. private equity firms HPS Investment Partners and
Madison Dearborn Partners to acquire joint control of British
healthcare provider Heath and Protection Solutions Ltd (notified
June 11/deadline July 16/simplified)
    -- Private equity firm Apollo Management to acquire Belgian
insurer Generali Belgium (notified June 11/deadline July
16/simplified)
    -- Irish fresh food producer Total Produce to acquire a
45-percent stake in U.S. peer Dole Food Company (notified June
11/deadline July 16) 
    
    JULY 18
    -- German copper products maker Wieland-Werke to acquire
German copper smelter Aurubis'  NAFG.DE  flat rolled products
unit Products Schwermetall (notified June 13/deadline July 18)
    -- South Korean consumer electronics company LG Electronics
 066570.KS  to acquire Austrian car light maker ZKW Holding GmbH
(notified June 13/deadline July 18/simplified)
    
    AUG 9
    -- German industrial gases group Linde  LING.DE  to merge
with U.S. peer Praxair  PX.N  (notified Jan. 12/ deadline
extended to Aug. 9)
    
    SEPT 4
    -- iPhone maker Apple  AAPL.O  to acquire UK music streaming
service Shazam (notified March 14/deadline extended to Sept. 4
from April 23 after the European Commission opened an in-depth
investigation)
    
    OCT 17
    -- Deutsche Telekom  DTEGn.DE  to acquire Swedish peer
Tele2's  TEL2b.ST  Dutch unit and merge it with its Dutch
business T-Mobile Nederland (notified May 2/deadline extended to
Oct. 17 from June 12 after the European Commission opens an
in-depth investigation)
    
    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 2876850; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))