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TELIA - Telia AB News Story

SEK36.84 0.2  0.6%

Last Trade - 17/05/21

Sector
Telecoms
Size
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:
    
    APPROVALS AND WITHDRAWALS   
    -- 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
15)
    -- 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 Kabu.com  8703.T  (approved March
15)
    
    NEW LISTINGS
    -- 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
9/simplified)
    -- 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)
    
    EXTENSIONS AND OTHER CHANGES
    -- 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)
    
    FIRST-STAGE REVIEWS BY DEADLINE
    
    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
27/simplified)
    
    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
1/simplified)
    -- 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
1/simplified)
    -- 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)
    
    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 Clare Roth;)
 ((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))
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