EU mergers and takeovers (April 26)

Viohalco SA

26/04/2018 17:25

(Adds approved mergers)
    BRUSSELS, April 26 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
    
    APPROVALS AND WITHDRAWALS
    -- Belgian metals company Viohalco  VIOH.BR  and Belgian
holding company Koramic to set up a joint venture (approved
April 25)
    
    NEW LISTINGS
    -- UK private equity group 3i Group Plc  III.L  to acquire a
35 percent stake in ferry operator Scandlines after selling the
company to infrastructure funds First State Investments and
Hermes Investment Management (notified April 25/deadline June
6/simplified)
    -- Japanese electronics company Alps Electric Co  6770.T  to
acquire Japanese car infotainment systems maker Alpine
Electronics  6816.T  (notified April 25/deadline June
6/simplified)
    -- Canadian pension fund OTPP and asset management company
Carlyle Group  CG.O  to jointly acquire French campsite operator
European Camping Group, which is now solely controlled by
Carlyle Group (notified April 24/deadline June 5/simplified)
    
    EXTENSIONS AND OTHER CHANGES
    None
    
    FIRST-STAGE REVIEWS BY DEADLINE
    
    APRIL 30
    -- Germany's BASF  BASFn.DE  to acquire businesses from
Bayer  BAYGn.DE  (notified March 7/deadline extended to April 30
from April 16 after BASF offered concessions)
    
    MAY 3
    -- U.S. auto parts retailer LKQ Corp  LKQ.O  to acquire
German peer Stahlgruber (notified March 9/deadline extended to
May 3 from April 18 after the German national competition
authority requested to take over the case)
    
    MAY 4
    -- U.S. aerospace and industrial company United Technologies
Corp  UTX.N  to acquire avionics maker Rockwell Collins  COL.N 
(notified March 12/deadline extended to May 4 from April 19
after UTC offered concessions)
    -- U.S. wheel parts supplier Accuride, which is controlled
by private equity firm Crestview L.L.C., to acquire German peer
Metro Wheels (notified March 12/deadline extended to May 4 from
April 19 after Accuride submitted concessions)
    
    MAY 8
    -- Italian cable company Prysmian  PRY.MI  to acquire U.S.
peer General Cable  BGC.N  (notified March 28/deadline May 8)
    
    MAY 14
    -- Swiss logistics company Panalpina  PWTN.S  and Dutch
Flower Group to acquire joint control of Panalpina's Dutch
perishables business (notified April 3/deadline May
14/simplified)
    -- German rolling stock and train financing company Mitsui
Rail Capital Europe GmBH and Germany's Siemens  SIEGn.DE  to set
up a joint venture (notified April 3/deadline May 14/simplified)
    
    MAY 15
    -- U.S. cable company Liberty Global  LBTYA.O  to acquire
Dutch peer Ziggo (notified April 4/deadline May 15)
    
    MAY 23
    -- Apollo Capital Management to acquire Cyprus Cooperative
Bank (notified April 11/deadline May 23/simplified)
    -- British paper company Mondi  MNDJ.J  to acquire Finnish
corrugated case materials maker Powerflute (notified April
11/deadline May 23)
    -- Luxembourg-based steelmaker ArcelorMittal  MT.AS  to
acquire Italian steel plant (notified Sept. 21/deadline extended
to May 23 after ArcelorMittal offered concessions)
    
    MAY 25
    -- Global asset manager The Carlyle Group  CG.O  to acquire
Accolade Wines Holdings Australia and Accolade Wines Holdings
Europe (notified April 13/deadline May 25/simplified)
    
    MAY 28
    -- U.S coatings maker Axalta Coating Systems  AXTA.N  to
acquire wire enamel manufacturer IVA's European and Chinese
operations (notified April 16/deadline May 28)
    -- U.S. agricultural merchant Archer Daniels Midland  ADM.N 
and agricultural trading house Cargill  CARG.UL  to set up a
joint venture in Egypt (notified April 16/deadline May
28/simplified) 
    
    MAY 29
    -- Asset management firms Avenue Capital, Pemberton and
private equity firm Permira to jointly acquire luggage bags
maker Delsey (notified April 17/deadline May 29/simplified)
    
    MAY 30
    -- Global asset management company Carlyle  CG.O  and U.S.
investment company TA Associates to jointly acquire sales
marketing company Discoverorg which is now solely controlled by
TA Associates (notified April 18/deadline May 30/simplified)
    
    MAY 31
    -- Swedish bank Skandinaviska Enskilda Banken AB (SEB)
 SEBa.ST  to acquire lamp maker Aura Light International AB
(notified April 19/deadline May 31/simplified)
    -- Private equity firm Advent International to acquire
British electronics and technnology company Laird  LRD.L 
(notified April 19/deadline May 31/simplified)
    
    JUNE 1
    -- Swiss engineering company ABB  ABBN.S  to acquire General
Electric's  GE.N  industrial solutions business (notified April
20/deadline June 1)
    
    JUNE 4
    -- Japanese chemicals company Kuraray  3405.T , Thai
petrochemicals group PTT Global Chemical Public Company
 PTTGC.BK  and Japan's Sumitomo Corp  8053.T  to set up a joint
venture (notified April 23/deadline June 4/simplified)
    
    JUNE 5
    -- French prepaid meal voucher and card provider Edenred
 EDEN.PA  to increase its stake in fuel cards issuer UTA
(notified April 24/deadline June 5/simplified)
    
    JUNE 21
    -- 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 extended to
June 21 from June 7)
    
    AUG 9
    -- German industrial gases group Linde  LING.DE  to merge
with U.S. peer Praxair  PX.N  (notified Jan. 12/ deadline
extended to Aug. 9)
    
    SEPT 4
    -- 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)
    
    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))