EU mergers and takeovers (Dec 6)
06/12/2017 19:09
BRUSSELS, Dec 6 (Reuters) - The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:
APPROVALS AND WITHDRAWALS
-- China's COSCO Shipping 601919.SS to acquire Hong Kong's
Orient Overseas International Ltd (OOIL) 0316.HK (approved
Dec. 5)
-- Japanese engineering company Chiyoda Corp 6366.T which
is a subsidiary of Japan's Mitsubishi Corp 8058.T , Portugal's
Energias de Portugal, energy company Trustwind, which is a unit
of a joint venture between France's Engie ENGIE.PA and
Marubeni Corp 8002.T , Japanese conglomerate Mitsubishi, and
Spanish energy company Repsol to set up a joint venture
(approved Dec. 5)
-- Australian investment bank MacQuarie MQG.AX and German
storage services provider Oiltanking to acquire joint control of
petrochemical storage operator Oiltanking Odfjell terminal
Singapore (approved Dec. 5)
-- French car rental company Europcar EUCAR.PA to acquire
Spanish peer Goldcar (approved Dec. 5)
-- German glasswear company Carl Zeiss CZTOP.UL and
Deutsche Telekom DTEGn.DE to develop smart glasses (approved
Dec. 5)
NEW LISTINGS
-- French venture capital fund Mirova, which is a subsidiary
of French bank BPCE's BPCE.UL Natixis Asset Management, and
U.S. industrial group GE GE.N to jointly acquire two Spanish
windfarms Idesamgar and Idesamgar I (notified Dec. 1/deadline
Jan. 16/simplified)
EXTENSIONS AND OTHER CHANGES
None
FIRST-STAGE REVIEWS BY DEADLINE
DEC 6
-- Czech state-controlled special purpose vehicle Prisko to
acquire Czech coal producer OKD Nastupnicka (notified Oct.
30/deadline Dec. 6)
DEC 8
-- French insurer Axa AXAF.PA and specialist fund Pradera
to jointly acquire two Italian properties (notified Nov.
11/deadline Dec. 8/simplified)
-- German air maintenance services provider Lufthansa
Technik and and sensor maker Pepperl + Fuchs to set up a joint
venture (notified Nov. 3/deadline Dec. 8/simplified)
DEC 12
-- Private equity firm the Carlyle Group CG.O to acquire
British delivery company and convenience store operator Palmer &
Harvey McLane (notified Nov. 7/deadline Dec. 12/simplified)
-- British budget carrier easyJet EZJ.L to acquire parts
of German airline Air Berlin AB1.DE (notified Nov. 7/deadline
Dec. 12)
DEC 18
-- French property developer Fonciere des Regions and
Marriott International MAR.O to acquire joint control of Le
Meridien Hotel in Nice (notified Nov. 13/deadline Dec.
18/simplified)
DEC 19
-- German car parts supplier ZF subsidiary ZFF.UL Zukunft
Venture, German bicycle parts maker Gustav Magenwirth, German
brakes maker Brake Force One and vehicle driving systems maker
Unicorn Energy to set up a joint venture (notified Nov.
14/deadline Dec. 19/simplified)
DEC 20
-- 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 Dec. 20)
-- France's Engie ENGIE.PA , Omnes Capital and Predica
Prevoyance to jointly acquire several wind farms (notified Nov.
15/deadline Dec. 20/simplified)
DEC 21
-- German carrier Lufthansa LHAG.DE to acquire some Air
Berlin AB1.DE assets (notified Oct. 31/deadline extended to
Dec. 21 from Dec. 7 after Lufthansa offered concessions)
-- French aerospace group Safran SAF.PA to acquire French
seats maker Zodiac Aerospace ZODC.PA (notified Nov.
16/deadline Dec. 21)
-- French bank Societe Generale SOGN.PA and BNP Paribas
BNPP.PA to jointly acquire French property developer
Powerhouse France (notified Nov. 16/deadline Dec. 21/simplified)
-- Private equity firm CVC CVC.AX to acquire Israeli
drugmaker Teva Pharmaceutical Industries' TEVA.TA women's
health business (notified Nov. 16/deadline Dec. 21)
DEC 22
-- Hong Kong conglomerate CK Hutchison's 0001.HK container
terminal operator Hutchison Ports Netherlands B.V. and Dutch
stevedoring services provider TMA Holding to acquire joint
control of Dutch logistics company TMA Logistics (notified Nov.
17/deadline Dec. 22/simplified)
-- Private equity firms CVC CVC.AX and Providence to
acquire joint control of security services provider Skybox
(notified Nov. 17/deadline Dec. 22/simplified)
-- Private eqyity firm BC Partners to acquire German
ceramics maker CeramTec Holding GmbH (notified Nov. 17/deadline
Dec. 22/simplified)
-- Private equity firm Blackstone BX.N to acquire
Portuguese bank Banco Popular's real estate business (notified
Nov. 17/deadline Dec. 22/simplified)
-- French petroleum product storage and distribution group
Rubis Group RUBF.PA and Phillips 66 to acquire joint control
of Zeller & Cie (notified Nov. 17/deadline Dec. 22)
-- German investment group Porsche Digital GmbH, which is a
subsidiary of German carmaker Volkswagen VOWG_p.DE , and German
publisher Axel Springer to set up a joint venture (notified Nov.
17/deadline Dec. 22/simplified)
JAN 4
-- Private equity firm EQT Fund Management to acquire German
energy company G+E Getec Holding (notified Nov. 21/deadline Jan.
4/simplified)
-- Spanish energy company Companía Espanola de Petroleos,
S.A.U. (CEPSA), which is controlled by Abu Dhabi state fund
Mubadala Investment Co, to acquire control of Spanish gas
company CEPSA Gas Comercializadora (notified Nov. 21/deadline
Jan. 4/simplified)
JAN 5
-- U.S. private equity firm Bain Capital to acquire Japanese
conglomerate Toshiba Corp's 6502.T chip unit (notified Nov.
22/deadline Jan. 5/simplified)
JAN 8
-- WME Entertainment Parent, which is controlled by private
equity firm Silver Lake Group, and Perform Group Ltd, which is a
unit of Access Industries Ltd, to set up a joint venture in
South America (notified Nov. 23/deadline Jan. 8/simplified)
-- French energy company Engie ENGIE.PA to acquire
indirect sole control of British energy trader IPM Energy
Trading and UK natural gas shipping services provider
International Power Fuel Co (notified Nov. 23/deadline Jan.
8/simplified)
-- Fund management firm Varde to acquire French vehicle
leasing firm Fraikin (notified Nov. 23/deadline Jan.
8/simplified)
-- Japanese electronics parts maker Kyocera 6971.T to
acquire Japanese diecasting maker Ryobi's power tool business
(notified Nov. 23/deadline Jan. 8/simplified)
JAN 9
-- Comsa Concesionanes S.L., Mirova Core Infrastructure and
Dutch fund manager PGGM Infrastructure Funds to acquire joint
control of Cedinsa Concessionaria (notified Nov. 24/deadline
Jan. 9/simplified)
JAN 10
-- Chinese pork supplier WH Group 0288.HK subsidiary and
U.S. meat producer Smithfield to acquire Polish meat company
Pini Polonia (notified Nov. 27/deadline Jan. 10)
-- Canada Pension Plan Investment Board, German insurer
Allianz and Spanish utility Gas Natural GAS.MC to acquire
joint control of Gas Natural's natural gas distribution business
in Spain Gas Natural Fenosa Generacion Nuclear (notified Nov.
27/deadline Jan. 10/simplified)
-- UK private equity firm TDR Capital to acquire French
restaurant franchise operator Rossini Holding (notified Nov.
27/deadline Jan. 10/simplified)
JAN 11
-- France's La Poste, Italian insurer Generali GASI.MI and
insurer Malakoff Mederic to acquire joint control of French
concierge services provider EAP France (notified Nov.
28/deadline Jan. 11/simplified)
-- Asset management firm Aviva Investors, which is part of
UK insurer Aviva AV.L , and French pension fund ERAFP to
jointly acquire a shopping centre in Strasbourg, France
(notified Nov. 28/deadline Jan. 11/simplified)
JAN 12
-- Private equity firm KKR KKR.N and South Korean
industrial company LS Mtron LSCABM.UL to jointly acquire South
Korean car components maker LS Auto DAEEL.UL (notified Nov.
29/deadline Jan. 12/simplified)
MARCH 5
-- German industrial group Bayer BAYGn.DE to acquire U.S.
seeds company Monsanto MON.N (notified June 30/deadline March
5)
MARCH 8
-- Italian eyewear maker Luxottica LUX.MI and French lens
manufacturer Essilor ESSI.PA to merge (notified Aug.
22/deadline March 8)
MARCH 15
-- U.S. smartphone chipmaker Qualcomm QCOM.O to acquire
Dutch company NXP Semiconductors NV NXPI.O (notified April
28/deadline March 15)
MARCH 19
-- 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 extended to March 19 from March 5)
MARCH 23
-- Luxembourg-based steelmaker ArcelorMittal MT.AS to
acquire Italian steel plant (notified Sept. 21/deadline extended
to March 23 from Nov. 13 after ArcelorMittal offered
concessions)
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 2287 6844; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))
Keywords: EU M&A/