Telia AB logo

TELIA - Telia AB News Story

SEK36.84 0.2  0.6%

Last Trade - 17/05/21

Large Cap
Market Cap £12.76bn
Enterprise Value £21.14bn
Revenue £7.54bn
Position in Universe 55th / 1832

EU mergers and takeovers (March 18)

Mon 18th March, 2019 5:24pm
BRUSSELS, March 18 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
    -- Energy producer and provider Total Holdings USA to
acquire sole control over oil and natural gas production company
Chevron Denmark (approved March 7)
    -- U.S. private equity firm American Securities to acquire
property restoration company Belfor Holdings (approved March 7)
    -- U.S. private equity firm KKR  KKR.N  to acquire Spanish
food-food restaurant chain Telepizza  TPZ.MC  (approved March 8)
    -- German insurer Allianz  ALVG.DE , Canada's Public Sector
Pension Investment Board and U.S.-based Greystar Real Estate
Partners to acquire joint control over London-based student
accommodation property Paul Street East through a share purchase
agreement (approved March 11)
    -- Global aerospace producer, designer and supplier
TransDigm Group  TDG.N  to acquire sole control over
manufacturing company Esterline Technologies  ESL.N  (approved
March 11)
    -- Luxembourg's LetterOne Investment Holdings to acquire
supermarket operator DIA (approved March 12)
    -- France's Moma Places and Unibal-Rodamco  URW.AS  to set
up a joint commercial catering venture (approved March 15)
    -- French construction company Vinci  SGEF.PA  to acquire
Britain's Gatwick Airport (approved March 15)
    -- German conglomerate JAB Holding to increase its stake in
Coty Inc  COTY.N  to 60 percent from 40 percent (approved March
    -- Apollo Management  APOLO.UL  to acquire plastic product
maker RPC Group  RPC.L  (approved March 15)
    -- Japanese telecoms provider KDDI Corp  9433.T  and
Mitsubishi UFJ Securities Holdings Co Ltd  MTFMS.UL  to jointly
acquire Japanese online broker  8703.T  (approved March
    -- Mercuria Energy Group to acquire marine fuel logistics
company Aegean Marine Petroleum Network  ANWWQ.PK  (notified
March 7/deadline April 11/simplified)
    -- France's Caisse des Depots et Consignations  CDCEC.UL 
and solar group Reden H2 to acquire joint control over French
photovoltaic power plant company Berroute (notified March
5/deadline April 9/simplified)
    -- France's Mirova and Bouyges Batiment International to
acquire joint control of Bouygues Construction Airport
Concessions Europe (notified March 5/deadline April
    -- Swedish telecoms provider Telia Company  TELIA.ST  to
acquire Bonnier Broadcasting which cludes brands such as Swedish
TV4 and streaming service C More and Finnish MTV (notified March
15/deadline April 24)
    -- GTCR LLC and U.K.'s Apax Partners LLP to acquire joint
control of U.S.-based Dolphin TopCo (notified March 13/deadline
April 17/simplified)
    -- German energy company E.ON  EONGn.DE  to acquire German
peer Innogy's retail and network activities  IGY.DE  (notified
Jan. 31/deadline extended to July 23 from March 7 after the
Commission opened an in-depth investigation)
    MARCH 20
    -- U.S. aircraft parts maker Spirit Aerosystems Holdings Inc
 SPR.N  to acquire EU-based supplier Asco Industries NV
(notified Jan. 30/deadline extended to March 20 from March 6
after Spirit offered concessions)
    MARCH 22
    -- Insurer Marsh & McLennan Companies  MMC.N  to acquire
share capital of British peer Jardine Lloyd Thompson Group
 JLT.L  (notified Feb. 1/deadline extended to March 22 from
March 8 after Marsh & McLennan offered concessions)
    MARCH 25
    -- U.S. aluminum company Novelis  NVLXC.UL , which is a unit
of India's Hindalco Industries Ltd  HALC.NS , to acquire
aluminum processor Aleris (notified Feb. 18/deadline March 25)
    -- DA Agravis Machinery Holding and Danish Agro Machinery
Holding to acquire Kesko Group's agrimachinery activities in
Finland, Estonia, Latvia and Lithuania from Finnish subsidiary
Konekesko Oy (notified Feb. 4/deadline extended to March 25 from
March 11 after the companies offered concessions)
    MARCH 27
    -- Swiss chemicals company Sika  SIKA.S  to acquire French
rival Parex from private equity firm CVC Capital Partners
(notified Feb. 20/deadline March 27)
    -- Japan's CK Holdings Co to acquire Italian car parts maker
Magneti Marelli from Italian auto maker Fiat Chrysler
Automotives  FCHA.MI  (notified Feb. 20/deadline March
    MARCH 28
    -- ArcelorMittal  MT.AS  and Italy's CLN Group to acquire
joint control over two Italian steel service centers of the Ilva
Group (notified Feb. 21/deadline March 28)
    MARCH 29
    -- Financial services company Great-West Lifeco's Irish Life
and Clyde Property Fund and UK property developer Hammerson to
jointly acquire a shopping centre in Dublin, Ireland (notified
Feb. 22/deadline March 29)
    -- Carlyle U.S. Equity Opportunity Fund and TA Associates LP
to acquire joint control over WU Holdco, Inc. (notified Feb.
22/deadline March 29/simplified)
    APRIL 1
    -- UK asset management company Segro  SGRO.L  and Canada's
Public Sector Pension Investment Board to jointly acquire a
logistics site in Poland (notified Feb. 25/deadline April
    -- UK asset management company Segro  SGRO.L  and Canada's
Public Sector Pension Investment Board to jointly acquire a
logistics site in France (notified Feb. 25/deadline April
    -- Mitsubishi's trust and banking corporation  MTFGTB.UL  to
acquire sole control of First State Investments through a share
acquisition (notified Feb. 25/deadline April 1/simplified)
    APRIL 5
    -- U.S. tech and consulting services provider DXC Technology
 DXC.N  to acquire U.S. software development company Luxoft
Holding  LXFT.N  (notified March 1/deadline April 5/simplified)
    APRIL 9
    -- India's HCL Technologies  HCLT.NS  to acquire sole
control over four of IBM's  IBM.N  software product portfolios
(notified March 5/deadline April 9/simplified)
    APRIL 29
    --- Germany's Thyssenkrupp  TKAG.DE  and India's Tata Steel
 TISC.NS  to set up a steel joint venture (notified Sept.
25/deadline April 29)
    MAY 20 
    -- Electronic and motor manufacturing company Nidec  6594.T 
to acquire sole control of U.S. white goods maker Whirlpool
Corp's  WHR.N  compressor subsidiary Embraco (notified Oct.
8/deadline extended to May 20 from May 13)
    JUNE 3 
    -- UK mobile telephony provider Vodafone  VOD.L  to acquire
U.S. Liberty Global's  LBTYA.O  telecommunications business in
the Czech Republic, Germany, Hungary and Romania (notified Oct.
19/deadline June 3)
    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.
    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 Clare Roth;)
 ((; +32 2 287 6844; Reuters
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.