Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

EU mergers and takeovers (Aug 31)

Published 01/09/2015, 01:06 am
Updated 01/09/2015, 01:07 am
© Reuters.  EU mergers and takeovers (Aug 31)

BRUSSELS, Aug 31 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- British engineering company GKN GKN.L to acquire Dutch company Fokker Technologies (Aug. 28)

NEW LISTINGS

-- Spanish builder Sacyr to acquire a 50 percent stake in Fluor Spain from U.S. engineering group Fluor Corp (NYSE:FLR) FLR.N (notified Aug. 28/deadline Oct. 2/simplified)

-- Australian packaging products supplier Amcor AMC.AX and Swedish company Sidel, which is part of Swedish packager Tetra Laval, to set up a joint venture (notified Aug. 27/deadline Oct. 1/simplified)

-- South African company Barloworld Handling and German farming products supplier BayWa BYWGnx.DE to set up a joint venture in Zambia (notified Aug. 27/deadline Oct. 1/simplified)

-- Brazilian meat packer JBS SA JBSS3.SA to acquire British company Moy Park, which is a unit of Brzilian rival Marfrig Global Foods SA MRFG3.SA (notified Aug. 26/deadline Sept. 30/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

SEPT 1

-- British support services provider DCC Group DCC.L to acquire French gas company Butagaz from Anglo Dutch oil company Royal Dutch Shell RDSa.L (notified July 28/deadline Sept. 1/simplified)

SEPT 2

-- Anglo-Dutch oil major Royal Dutch Shell RDSa.L to acquire BG Group BG.L (notified July 29/deadline Sept. 2)

-- South African paper maker Mondi MNDJ.J MNDI.L to acquire some assets from portfolio company Walki (notified July 29/deadline Sept. 2)

SEPT 9

-- U.S. grain trader Archer Daniel Midland ADM.N to acquire Belgian vegetable oil distributor AOR NV (notified Aug. 5/deadline Sept. 9)

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

-- German retailer REWE REGRP.UL to acquire some travel units from Swiss travel operator Kuoni Reisen KUNN.S (notified Aug. 5/deadline Sept. 9/simplified)

SEPT 10

-- Buyout group KKR KKR.N to acquire majority stake in German fibre-optic network operator Deutsche Glasfaser (notified Aug. 6/deadline Sept. 10/simplified)

SEPT 11

-- U.S. investment firm Apollo Global Management APO.N to acquire majority control of Slovenian bank Nova KBM (notified Aug. 7/deadline Sept. 11/simplified)

-- U.S. conglomerate General Electric (NYSE:GE) GE.N to acquire most of French engineering group Alstom 's ALSO.PA power equipment business (notified Jan. 19/deadline extended for third time to Sept. 11 from Aug. 21)

SEPT 14

-- Singapore-listed palm oil processor Wilmar International WLIL.SI and Italian oil products company Fox Petrolifera Italiana SpA to set up a joint venture (notified Aug. 10/deadline Sept. 14/simplified)

-- BPIFrance and Springwater Capital LLC to acquire joint control of French paper producer Delion France (notified Aug. 10/deadline Sept. 14/simplified)

-- Naxicap Partners and Fonds Avenir Automobile to acquire joint control of French car parts maker Defta Group (notified Aug. 10/deadline Sept. 14/simplified)

SEPT 16

-- Private equity firm CVC Capital Partners to acquire energy company PKP Energetyka (notified Aug. 12/deadline Sept. 16/simplified)

-- Private equity firms Advent International, Bain Capital and Clessidra to jointly acquire Italian banking services company ICBPI (notified Aug. 12/deadline Sept. 16)

-- Chinese state-owned food firms Bright Food Group Co Ltd SHMNGA.UL to acquire Spanish holding company Invermik SA (notified Aug. 12/deadline Sept. 16/simplified)

SEPT 17

-- Kuwait Investment Authority (KIA) and Spanish energy group Gas Natural GAS.MC to acquire joint control of Global Power Generation (notified Aug. 13/deadline Sept. 17/simplified)

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

-- Buyout group KKR KKR.N to acquire German cutlery and coffee-machine maker WMF WMFWF.PK together with Austrian holding company FIBA (notified Aug.13/deadline Sept. 17)

SEPT 18

-- U.S. distressed investment fund Apollo APO.N to acquire majority stake in steel trader Stemcor (notified Aug. 14/deadline Sept. 18/simplified)

-- Japanese insurer Tokio Marine Holdings Inc 8766.T to buy U.S. specialty insurer HCC Insurance Holdings Inc HCC.N (notified Aug. 14/deadline Sept. 18/simplified)

-- Groupe Acticall to acquire customer relationship management company Sitel (notified Aug. 14/deadline Sept. 18/simplified)

-- Dutch chipmaker NXP NXPI.O to acquire U.S. peer Freescale FSL.N (notified July 31, deadline extended to Sept. 18 from Sept. 4 after NXP offered concessions)

SEPT 21

-- Pfizer PFE.N to acquire British drugmaker GlaxoSmithKline's GSK.L menACWY meningitis vaccine business (notified Aug. 17/deadline Sept. 21)

-- Cable telecoms company Liberty Global's LBTYA.O Belgian subsidiary Telenet TNET.BR to buy mobile network operator Base from Dutch group KPN KPN.AS (notified Aug. 17/deadline Sept. 21)

-- European private equity group Cinven CINV.UL to buy majority stake in German laboratory operator Synlab from BC Partners BCPRT.UL (notified Aug. 17/deadline Sept. 21/simplified)

SEPT 23

-- Indian vehicle maker Mahindra & Mahindra MAHM.NS and Japan's Mitsubishi Heavy Industries 7011.T to acquire joint control of Mitsubishi Agricultural Machinery Co. Ltd, which is now solely owned by Mitsubishi Heavy Industeis (notified Aug. 19/deadline Sept. 23/simplified)

SEPT 24

-- British private equity firm Equistone Partners Europe to acquire German apparel retailer TriStyle Mode (notified Aug. 20/deadline Sep. 24/simplified)

SEPT 25

-- U.S. office supplier Staples SPLS.O to acquire U.S. rival Office Depot ODP.O (notified Aug. 21/deadline Sept. 25)

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

-- Chinese investment group Fosun 0656.HK to acquire sole control of wealth management group BHF-Kleinwort Benson Group SA BHFKB.BR (notified Aug. 21/deadline Sept. 25/simplified)

SEPT 28

-- Apollo Global Management LLC APO.N to acquire magnetic and battery technologies company OM Group Inc OMG.N (notified Aug. 24/deadline Sept. 28)

OCT 7

-- Norwegian telecoms company Telenor TEL.OL and Swedish peer TeliaSonera TLSN.ST to combine their Danish mobile businesses (notified Feb. 27/deadline extended to Oct. 7 from Sept. 16 after the companies offered commitments)

DEC 9

-- U.S. drinks can maker Ball Corp (NYSE:BLL) BLL.N to acquire British rival Rexam Plc REX.L (notified June 15/deadline extended to Dec. 9 from Nov. 25)

JAN 13

-- U.S. packages delivery company FedEx (NYSE:FDX) FDX.N to acquire Dutch peer TNT TNTE.AS (notified July /deadline extended to Jan. 13 from Dec. 8 after the companies asked for more time)

SUSPENDED

-- Oilfield services provider Halliburton (NYSE:HAL) HAL.N to buy rival Baker Hughes (NYSE:BHI) BHI.N in a stock and cash transaction (notified July 23/deadline suspended after the companies provided insufficient information)

-- SOCAR, Azerbaijan's state energy company, to buy stakes in Greek natural gas grid operator DESFA from Greek natural gas utility DEPA (notified Oct. 1/deadline suspended on Jan. 21)

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.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.