EU mergers and takeovers (Oct 12)
12/10/2018 12:38
BRUSSELS, Oct 12 (Reuters) - The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:
APPROVALS AND WITHDRAWALS
-- Private equity firm Bain Capital Investors LLC to acquire
Italian specialty chemicals company Italmatch Chemicals
(approved Oct. 11)
-- Private investment firm SK Capital Partners to acquire
U.S. specialty chemical company Schenectady International
(approved Oct. 11)
-- Hong Kong companies CK Asset Holdings Limited 1113.HK ,
infrastructure company CK Infrastructure Holdings Limited
1038.HK and energy investment company Power Assets Holdings
Limited 0006.HK to acquire Australian energy infrastructure
company APA APA.AX (approved Oct. 11)
NEW LISTINGS
-- U.S. fashion group Michael Kors KORS.N to acquire
Italian peer Gianni Versace (notified Oct. 11/deadline Nov.
19/simplified)
EXTENSIONS AND OTHER CHANGES
None
FIRST-STAGE REVIEWS BY DEADLINE
OCT 16
-- French equity firm PAI Partners to acquire board game
publisher Asmodee (notified Sept. 11/deadline Oct.
16/simplified)
-- Japanese industrial gas supplier Taiyo Nippon Sanso
4091.T to acquire U.S. industrial gas company Praxair's PX.N
European business (notified Sept. 11/deadline Oct. 16)
OCT 17
-- Semiconductor company Broadcom AVGO.O to acquire
technology company CA CA.O (notified Sept. 12/deadline Oct.
17/simplified)
-- 3i Infrastructure 3IN.L and Danish pension company ATP
to invest in telecoms operator Tampnet (notitied Sept.
12/deadline Oct. 17/simplified)
-- Private equity company the Carlyle Group CG.O to
acquire a stake in U.S. broadcast services company NEP Group
NEPG.N (notified Sept. 12/deadline Oct. 17/simplified)
OCT 19
-- German industrial gas company Messer Group and private
equity group CVC CVC.AX to acquire certain assets from German
chemical company Linde Group (notified Sept. 14/deadline Oct.
19/simplified)
-- U.S. software company Microsoft Corp MSFT.O to buy
privately held coding website GitHub Inc (notified Sept.
14/deadline Oct. 19)
-- Walt Disney Co DIS.N to buy the bulk of Twenty-First
Century Fox Inc's FOXA.O film and television assets (notified
Sept. 14/deadline Oct. 19)
OCT 22
-- U.S. computer and printer maker HP Inc HPQ.N to acquire
U.K.-based office equipment dealer Apogee Corp (notified Sept.
17/deadline Oct. 22)
-- Private equity fund Lone Star to acquire Spanish company
CaixaBank's CABK.MC real estate assets (notified Sept.
17/deadline Oct. 22)
-- Shipping group CMA CGM CMACG.UL to acquire shipping and
logistics company Container Finance's holdings in Multi-Link
Terminals Ltd and CD Holding Oy (notified Sept. 17/deadline Oct.
22)
-- U.S. aircraft parts maker Spirit Aerosystems Holdings Inc
SPR.N to acquire EU-based supplier Asco Industries NV
(notified Sept. 17/deadline Oct. 22)
-- German luxury carmakers Daimler DAIGn.DE and BMW
BMWG.DE to launch a car-sharing joint venture (notified Sept.
17/deadline Oct. 22)
OCT 23
-- U.S. travel and restaurent reservation and related
services company Booking Holdings Inc BKNG.O to acquire
Australian hotel metasearch site HotelsCombined (notified Sept.
18/deadline Oct. 23)
OCT 25
-- U.S. private equity investor Bain Capital Private Equity
to acquire UK insurance service company esure Group ESUR.L
(notified Sept. 20/deadline Oct. 25/simplified)
-- French investment bank Bpifrance and French energy
company Vallourec Tubes to acquire joint control of Vallourec
Umbilicals (notified Sept. 20/deadline Oct. 25/simplified)
-- U.S. private equity investor Advent International
Corporation to acquire Irish telecommunications, power and
transport company KN Group (notified Sept. 20/deadline Oct.
25/simplified)
-- U.S. private equity firm Hellman & Friedman to acquire
German payment system company Concardis Payment Group (notified
Sept. 20/deadline Oct. 25/simplified)
OCT 26
-- China Huaxin Post and Telecom Technologies Co., Ltd and
Netherlands company Juniper Networks International B.V. JNPR.N
to set up a joint venture (notified Sept. 21/deadline Oct.
26/simplified)
-- Private equity fund EQT Fund Management to acquire sole
control of French water and wastewater management company
Holding d'Infrastructures des Métiers de l'Environnement S.A.S.,
which owns Saur S.A.S. (notified Sept. 21/deadline Oct.
26/simplified)
-- Japanese company Sony Corp. 6758.T to acquire majority
control of UK music publishing company EMI Music Publishing
(notified Sept. 21/deadline Oct. 26)
-- Canadian companies OMERS Administration Corp, British
Columbia Investment Management Corp, Alberta Investment
Management Corp, Dutch fund manager PGGM Vermogensbeheer B.V.
and Canada Pension Plan Investment Board to acquire joint
control of U.S. energy company Puget Sound Holdings (notified
Sept. 21/deadline Oct. 26/simplified)
OCT 29
-- Irish investor aircraft and asset manager ORIX Aviation
Systems Limited to acquire 30 percent of Irish aircraft leasing
company Avolon Holdings Limited, a subsidiary of Chinese leasing
group Bohai Capital Holding 603167.SS (notified Sept.
24/deadline Oct. 29/simplified)
-- UK packaging business DS Smith SMDS.L to acquire
Spanish corrugated packing provider Europac (notified Sept.
24/deadline Oct. 29)
-- U.S. pet food maker Mars Petcare to acquire European
veterinary business Anicura (notified Sept. 10/deadline extended
to Oct. 29 after Mars offered concessions)
OCT 30
-- Germany's Thyssenkrupp TKAG.DE and India's Tata Steel
TISC.NS to set up a steel joint venture (notified Sept.
25/deadline Oct. 30)
NOV 6
-- Private quity fund OEP ITS Coopertief Holding to acquire
Norwegian software licensing and IT consulting services firm
Crayon Group Holding CRAYON.OL (notified Sept. 28/deadline
Nov. 6/simplified)
-- Shanghai travel and hospitality group Jin Jiang
International Holdings to acquire Radisson Holdings Incorporated
and 69.65 percent of hotel operator Radisson Hospitality
RADH.ST (notified Sept. 28/deadline Nov. 6)
-- Japanese Takeda Pharmaceutical Company Limited 4502.T
to acquire Jersey biotechnology company Shire SHP.L (notified
Sept. 28/deadline Nov. 6)
NOV 7
-- Italian natural gas companies Societa Gasdotti Italian
and Snam SRG.MI to launch an Italian natural gas joint venture
(notified Oct. 1/deadline Nov. 7/simplified)
-- Power and thermal management solutions company Delta
Electronics 2308.TW to acquire Thai electronics manufacturing
company Delta Electronics Public Company Limited DELTA.BK
(notified Oct. 1/deadline Nov. 7/simplified)
-- SELP, a joint venture between Luxembourg industrial
property and warehouse owner SEGRO European Logistics
Partnership SGRO.L , and Canadian pension fund investor Public
Sector Pension Investment Board to acquire a Spanish
distribution warehouse from French company ID Logistics Group
(notified Oct. 1/deadline Nov. 7/simplified)
NOV 8
-- Dutch subsidiary of Saudi Arabian Oil Company
IPO-ARMO.SE , Overseas Holding Cooperatief U.A., to acquire
remaining shares in Netherlands-based specialty chemicals
company of ARLANXEO Holding B.V. (notified Oct. 2/deadline Nov.
8/simplified)
-- Private equity firm BC Partners to acquire British
veterinary practice group VetPartners (notified Oct. 2/deadline
Nov. 8/simplified)
-- Saudi oil company Saudi Aramco to acquire the rest of
Dutch chemicals company Arlanxeo whic it does not own (notified
Oct. 2/deadline Nov. 8/simplified)
NOV 9
-- German car part maker Continental Automotive Holding
CONG.DE and Chinese battery and power system manufacturer
Sichuan Chengfei Integration Technology Corporation 002190.SZ
to set up an electric vehicle battery systems joint venture
notified Oct. 3/deadline Nov. 9/simplified)
-- International cable company Liberty Global and its
Belgian subsidiary, Telenet, to acquire all outstanding shares
of Belgian financial holding company De Vijver Media (notified
Oct. 3/deadline Nov. 9)
NOV 12
-- U.S. investment management company Rhone Capital to
acquire industrial company Maxam (notified Oct. 4/deadline Nov.
12/simplified)
-- Private equity firm EQT and hearing aids maker Widex to
set up a joint venture which will combine Widex with EQT's
hearing aids unit Sivantos (notified Oct. 4/deadline Nov. 12)
NOV 14
-- Electronic and motor manufacturing company Nidec 6594.T
to acquire sole control of U.S. white goods maker Whirlpool
WHR.N Corp's compressor subsidiary Embraco (notified Oct.
8/deadline Nov. 14)
NOV 15
-- Brazilian pulp and paper producer Suzano Papel e Celulose
SUZB3.SA to acquire Brazilian peer Fibria Celulose FIBR3.SA
(notified Oct. 9/deadline Nov. 15)
-- KLIO to acquire German e-book subscription service Skoobe
which is jointly owned by German publishing companies
Bertelsmann and Holtzbrinck (notified Oct. 9/deadline Nov.
15/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)
DEC 13
-- 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 Dec. 13)
JAN 8
-- French aerospace and defence group Thales TCFP.PA to
acquire Franco-Dutch chipmaker Gemalto GTO.AS (notified June
18/deadline Jan. 8)
JAN 17
-- German copper products maker Wieland-Werke to acquire
German copper smelter Aurubis' NAFG.DE flat rolled products
unit Products Schwermetall (notified June 13/deadline Jan. 17)
JAN 25
-- German company BASF BASFn.DE to acquire Belgian
chemicals company Solvay's SOLB.BR worldwide polyamide
business (notified May 22/deadline extended to Jan. 25 from Jan.
11 after the companies asked for more time)
JAN 28
-- Siemens SIEGn.DE and Alstom ALSO.PA to merge their
railway operations (notified June 8/deadline Jan. 28)
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 Daphne Psaledakis)
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