EU mergers and takeovers (April 3)

Viohalco SA

03/04/2018 18:46

BRUSSELS, April 3 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
    
    APPROVALS AND WITHDRAWALS
    -- Australian investment bank Macquarie Group  MQG.AX  to
acquire Danish telecoms company TDC  TDC.CO  (approved March 29)
    -- Apollo Capital Management and JSW Steel Limited to take
joint control of Monnet Ispat Energy Limited (approved March 29)
    -- PPF Group to acquire sole control of Czech transportation
company Skoda Transportation and its subsidiaries rail vehicles
research company VUKV, production facilities provider Jokiaura
Kakkonen, holding company Satacoto, property services company
Skoda Investment and repair services provider Bammer Trade
(approved March 29)
    -- Canadian asset management company Brookfield  BAMa.TO  to
acquire Spanish renewable energy company Saeta  SAY.MC 
(approved March 29)
    
    NEW LISTINGS
    -- Italian cable company Prysmian  PRY.MI  to acquire U.S.
peer General Cable  BGC.N  (notified March 28/deadline May 8)
    -- Belgian metals company Viohalco  VIOH.BR  and Belgian
holding company Koramic to set up a joint venture (notified
March 28/deadline May 8/simplified)        
    
    EXTENSIONS AND OTHER CHANGES
    None
    
    FIRST-STAGE REVIEWS BY DEADLINE
    
    APRIL 11
    -- French oil and gas major Total  TOTF.PA  to acquire part
of French gas and power group Engie's  ENGIE.PA  liquified
natural gas business (notified March 2/deadline April 11)
    
    APRIL 12
    -- U.S. private equity firm Global Infrastructure Partners
to acquire Italian train operator Nuovo Trasporto Viaggiatori
S.p.A. (notified March 5/deadline April 12/simplified)
    
    APRIL 13
    -- Insurer Sedgwick, which is controlled by private equity
firm KKR  KKR.N , to acquire insurance services provider
Cunningham Lindsey (notified March 6/deadline April 13)
    
    APRIL 16
    -- U.S. conglomerate GE  GE.N  and Russia oil and natural
gas producer Rosneft  ROSN.MM  to set up a joint venture
(notified March 7/deadline April 16/simplified)
    -- Germany's BASF  BASFn.DE  to acquire businesses from
Bayer  BAYGn.DE  (notified March. 7/deadline April 16)
    -- Lenovo Group  0992.HK  and Fujitsu  6702.T  to set up a
joint venture whereby Lenovo acquires a majority stake in
certain assets of Fujitsu's PC business (notified March
7/deadline April 16)
    -- Strategic Value Partners to take control of polyurethane
foam maker Vita Group (notified March. 7/deadline April
16/simplified)
    
    APRIL 18
    -- Cerberus Capital Management  CBS.UL  to acquire Spanish
bank BBVA's  BBVA.MC  real estate business (notified March
9/deadline April 18/simplified)
    -- U.S. auto parts retailer LKQ Corp  LKQ.O  to acquire
German peer Stahlgruber (notified March 9/deadline April 18)
    
    APRIL 19
    -- Private equity firms Cathay Pacific Private Equity and
Equistone Partners Europe to jointly acquire German car parts
maker E. Winkemann (notified March 12/deadline April
19/simplified)
    -- U.S. aerospace and industrial company United Technologies
Corp  UTX.N  to acquire avionics maker Rockwell Collins  COL.N 
(notified March 12/deadline April 19)
    
    APRIL 20
    -- French insurer Axa subsidiary Vendome Immobilier
Commercial and French state-owned company Caisse des Depots et
Consignations (CDC) to jointly acquire various properties
(notified March 13/deadline April 20/simplified)
    
    APRIL 23
    -- iPhone maker Apple  AAPL.O  to acquire UK music streaming
service Shazam (notified March 14/deadline April 23)
    -- U.S. investment company TA Associates and French
investment bank Rothschild  ROTH.PA  to jointly acquire British
software company Datix (notified March 14/deadline April
23/simplified)
    
    APRIL 24
    -- Scottish investment company Standardlifeaberdeen, UK oil
and gas investment company Neptune and Danish insurer
PensionDanmark to acquire joint control of natural gas transport
company NGT (notified March 15/deadline April 24/simplified)
    
    APRIL 26
    -- Kerry Group  KYGa.I  to acquire Dutch protein plant
products maker Proparent (notified March 19/deadline April
26/simplified)
    
    APRIL 30
    -- UK measuring instruments maker Spectris  SXS.L  and
Australian investment bank Macquarie Group  MQG.AX  to set up an
Australian joint control Soundwave Holdings (notified March
21/deadline April 30/simplified)
    
    MAY 4
    --- 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 23
    -- Luxembourg-based steelmaker ArcelorMittal  MT.AS  to
acquire Italian steel plant (notified Sept. 21/deadline extended
to May 23 after ArcelorMittal offered concessions)
    
    JUNE 7
    -- 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 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)
    
    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))