EU mergers and takeovers (Aug 9)

KME SpA

09/08/2018 16:15

BRUSSELS, Aug 9 (Reuters) - The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:
    
    APPROVALS AND WITHDRAWALS
    -- Norway's DNB Bank  DNB.OL  and Norwegian consumer goods
company Orkla  ORK.OL  to set up a joint venture (approved Aug.
8)
    -- U.S. investment company Cerberus Group to acquire French
ground handling services operator WES Global Holding (approved
Aug. 8)
    
    NEW LISTINGS
    -- German car parts supplier ZF Friedrichshafen  ZFF.UL ,
German car brakes maker Gustav Magenwirth, German bike brakes
maker Brake Force One GmbH and German car battery company
Batterien-Montage-Zentrum GmbH to set up a joint venture
(notified Aug. 8/deadline Sept. 13/simplified)
    -- Italian gas company Spigas, which is controlled by
Germany's EnBW Energie BadenWürttemberg  EBKG.DE , and Italian
peer Canarbino to acquire joint control of Italian gas company
Miogas (notified Aug. 7/deadline Sept. 12/simplified)
    
    EXTENSIONS AND OTHER CHANGES
    -- Siemens  SIEGn.DE  and Alstom  ALSO.PA  to merge their
railway operations (notified June 8/deadline suspended on Aug.
7)
    -- Copper company KME, which is part of Intek Group
 IKG.MI , to acquire German peer MKM Mansfelder Kupfer and
Messing GmbH (notified June 4/deadline extended to Dec. 13 from
Nov. 29 after the companies asked for more)
    
    FIRST-STAGE REVIEWS BY DEADLINE
    
    AUG 17
    -- French insurer Axa  AXAF.PA  to acquire XL Group
(notified July 12/deadline Aug. 17/simplified)
    -- HK conglomerate CK Hutchison  0001.HK  to acquire sole
control of Italian mobile network Wind Tre from Dutch mobile
operator Veon  VON.AS  (notified July 12/deadline Aug. 17)
    
    AUG 21
    -- Private equity firm KKR  KKR.N  to acquire German IT
services provider Sellbytel Group (notified July 16/deadline
Aug. 21/simplified)
    
    AUG 22
    -- Private equity firm HgCapital to acquire software company
Allocate from private equity firm Vista Equity Partners
(notified July 17/deadline Aug. 22)
    
    AUG 23
    -- Private equity firms S.L.04 and Ambienta SFT to acquire
joint control of cosmetic packager Pibiplast S.p.A. (notified
July 18/deadline Aug. 23/simplified)
    
    AUG 24
    -- German industrial gases group Linde  LING.DE  to merge
with U.S. peer Praxair  PX.N  (notified Jan. 12/ deadline
extended to Aug. 24)
    
    AUG 27
    -- U.S. consumer products maker Procter & Gamble  PG.N  to
acquire German peer Merck KGaA's  MRCG.DE  consumer health
business (notified July 20/deadline Aug. 27)
    -- U.S. cargo shipping company Maritime Holdings and German
peer Zeaborn to set up a joint venture (notified July
20/deadline Aug. 27/simplified)
    -- Private equity firm Blackstone  BX.N  to acquire French
storage maker Averys (notified July 20/deadline Aug.
27/simplified)
    
    AUG 28
    -- French company Europe Intermodal Holding, which is a unit
of French group SNCF Mobilites  SNCF.UL , and Spanish holding
company Krone-Mur Servifrio to acquire joint control of Spanish
freight transport company Krone-Mur Primavia (notified July
23/deadline Aug. 28/simplified)
    
    AUG 30
    -- FSN Capital V to acquire Norwegian holding company
Saferoad Holding (notified July 25/deadline Aug. 30/simplified)
    -- U.S. private equity firms Bain Capital and Vista Equity
Partners Management to acquire joint control of the public
sector businesses of Aptean Public Sector, Superion and Tritech
(notified July 25/deadline Aug. 30/simplified)
    -- UK infrastructure support services provider Amey Group to
acquire the rest of UK repair and maintenance services company
CarillionAmey Ltd from Carillion Holdings Ltd  CLLN.L  (notified
July 25/deadline Aug. 30/simplified)
    -- German carmaker Porsche  PSHG_p.DE  and German industrial
company Schuler  SCUGe.MU  to set up a joint venture (notified
July 25/deadline Aug. 30/simplified)
    
    AUG 31
    -- German food retailers Schwarz Gruppe to acquire waste
management companies Karl Toensmeter Entsorgungswirtschaft and
Toenmeier Dienstleistung (notified July 26/deadline Aug.
31/simplified)
    
    SEPT 3
    -- Japanese company Sumitomo Corp  8053.T  and Italian
software provider Tierra to set up a joint venture (notified
July 27/deadline Sept. 3/simplified)
    -- Singapore's Sheares Healthcare to acquire joint control
of Singapore peer Asia Healthcare Holdings Pte Ltd which is
currently solely controlled by U.S. private investment firm TPG
Growth III SF Pte Ltd (notified July 27/deadline Sept.
3/simplified)
    -- Asset manager IFM Investors Pty Ltd to acquire waste
management company Aqualia from Spanish industrial company
Fomento de Construcciones y Contratas S.A. (notified July
27/deadline Sept. 3/simplified)
    -- French utility Engie  ENGIE.PA  and French supermarket
chain Casino's photovoltaic subsidiary Greenyellow to set up a
joint venture (notified July 27/deadline Sept. 3/simplified)
    
    SEPT 4
    -- Portuguese retail conglomerate Sonae  YSO.LS  to acquire
Portuguese retail real estate group Sonae Sierra SGPS. S.A.
 SONER.UL  (notified July 30/deadline Sept. 4/simplified)
    -- Insurers AMF Pensionförsäkring AB (AMF) and Kommunal
Landspensjonskassegjensidig forsikringsselskap (KLP) to acquire
Swedish windfarm builder Stena Renewable (notified July
30/deadline Sept. 4/simplified)
    -- 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)
    
    SEPT 5
    -- Luxembourg investment company JAB Holding Co S.a.r.l. to
acquire British food outlet Pret a Manger  IPO-PRET.L  (notified
July 31/deadlinie Sept. 5)
    -- Jera Trading, which is a joint venture between Jera Co
and EDF Trading Ltd (EDFT)  EDFTR.UL , to acquire EDFT's LNG
trading business (notified July 31/deadline Sept. 5/simplified) 
     
    -- French carmaker PGA Motors and Fiber to acquire joint
control of auto dealer and car parts distributor Bernard
Participations (notified July 31/deadline Sept. 5)
    
    SEPT 6
    -- Canadian real estate investor Ivanhoe Cambridge, which is
a subsidiary of Canadian pension manager Caisse de depot et
placement du Quebec, and Canada's Public Sector Pension
Investment Board to recapitalise several Ivanhoe limited
partnerships (notified Aug. 1/deadline Sept. 6/simplified)    
    -- Asset manager Carlyle Group  CG.O  to acquire Dutch
chemicals and paints company Akzo Nobel's  AKZO.AS  chemicals
business (notified Aug. 1/deadline Sept. 6/simplified)
    -- Chinese conglomerate Fosun International  0656.HK  to
acquire Austrian automated production systems maker FFT
Gesellschaft mbH (notified Aug. 1/deadline Sept. 6/simplified)
    
    NOV 30 
    -- 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 Nov. 30
after deadline suspension ended Aug. 6)
    
    JAN 3
    -- German copper products maker Wieland-Werke to acquire
German copper smelter Aurubis'  NAFG.DE  flat rolled products
unit Products Schwermetall (notified June 13/deadline extended
to Jan. 3 from Dec. 10 after the companies asked for more time)
    
    JAN 8
    -- French aerospace and defence group Thales  TCFP.PA  to
acquire Franco-Dutch chipmaker Gemalto  GTO.AS  (notified June
18/deadline extended to Jan. 8 from Nov. 29 from July 23 after
the companies asked for more time)
    
    SUSPENDED DEADLINE
    -- German company BASF  BASFn.DE  to acquire Belgian
chemicals company Solvay's  SOLB.BR  worldwide polyamide
business (notified May 22/deadline suspended on July 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 2876850; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))