Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

EU mergers and takeovers (Sept 23)

Published 24/09/2015, 12:10 am
© Reuters.  EU mergers and takeovers (Sept 23)

BRUSSELS, Sept 23 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Australian packaging products supplier Amcor AMC.AX and Swiss-based company Sidel, which is part of Swiss-based packager Tetra Laval, to set up a joint venture (approved Sept. 22)

-- South African company Barloworld Handling and German farming products supplier BayWa BYWGnx.DE to set up a joint venture in Zambia (approved Sept. 22)

NEW LISTINGS

None

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

SEPT 25

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

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 2

-- Private equity firm Providence Equity Partners LLC to acquire British marketing company Chime Communications plc CHW.L (notified Aug. 28/deadline Oct. 2/simplified)

-- 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)

OCT 5

-- 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 extended to Oct. 5 from Sept. 21 after Liberty Global offered commitments)

-- German IT services provider Interseroh and Also Deutschland to set up a joint venture (notified Aug. 31/deadline Oct. 5/simplified)

-- Private equity firm Apollo Management to acquire British restaurant operator Casual Dining Group (notified Aug. 31/deadline Oct. 5/simplified)

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

OCT 7

-- German car parts maker KSPG and China's Huayu Automotive Systems Co Shanghai/People's Republic of China (Hasco) to jointly acquire a business in the Chinese car aluminium casting sector (notified Sept. 2/deadline Oct. 7/simplified)

OCT 9

-- French airports operator Aeroports de Paris ADP.PA and British catering services provider Select Service Partner Group to form a joint venture (notified Sept. 4/deadline Oct. 9/simplified)

-- British real estate private equity firm Benson Elliot Capital Management and U.S. private equity investment firm Walton Street Capital LLC to jointly acquire eight hotels (notified Sept. 4/deadline Oct. 9/simplified)

-- Private equity firm TDR Capital to acquire Dutch car leasing company LeasePlan Corp N.V. (notified Sept. 4/deadline Oct. 9/simplified)

-- British energy company Trailstone to acquire German peer Energy2Market GmbH (notified Sept. 4/deadline Oct. 9/simplified)

-- Private equity firm Permira and Ontario Teachers Pension Plan Board to jointly acquire the GFKL Group and the Lowell Group (notified Sept. 4/deadline Oct. 9/simplified)

OCT 12

-- U.S. investment firm Colony Capital CLNY.N and French insurer Axa to jointly acquire data center operator Groupe Data 4 (notified Sept. 7/deadline Oct. 12/simplified)

OCT 13

-- Private equity firm KKE KKR.N to acquire Swiss software licencing company SoftwareOne Holding AG (notified Sept. 8/deadline Oct. 13/simplified)

OCT 14

-- U.S. chipmaker Intel INTC.O to acquire U.S. peer Altera ALTR.O (notified Sept. 9/deadline Oct. 14)

OCT 16

-- Italian investment company Exor EXOR.MI , the holding company of the Agnelli family, to acquire Bermuda-based reinsurer PartnerRe PRE.N (notified Sept. 11/deadline Oct. 16/simplified)

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

-- PGA Motors SAS, which is indirectly controlled by German carmaker Volkswagen (XETRA:VOWG) AG VOWG_p.DE , to acquire car seller MSA Groupe SAS (notified Sept. 11/deadline Oct. 16)

-- Private equity firms Blackstone (NYSE:BX) Group and Corsair Capital to jointly acquire U.S. investment management firm First Eagle Management (notified Sept. 11/deadline Oct. 16/simplified)

-- Hutchison Whampoa 0001.HK to acquire Telefonica's TEF.MC O2 UK subsidiary (notified Sept. 11/deadline Oct 16)

OCT 19

-- Oil trader Vitol VITOLV.UL to acquire the other half of storage company VTTI VTTI.N from Malaysian shipping company MISC Bhd MISC.KL (notified Sept. 14/deadline Oct. 19/simplified)

-- Investors Parcom Capital and Pon Holdings to acquire Dutch engineering services company Royal Imtech's IMUN.AS marine unit (notified Sept. 14/deadline Oct. 19)

-- Buyout fund Gilde Fund and Parcom Fund to acquire Dutch textiles and geosynthetics supplier Ten Cate NTCN.AS (notified Sept. 14/deadline Oct. 19/simplified)

-- French bank BNP Paribas (PARIS:BNPP) to acquire GE Capital Corp's GEB.N European car leasing business (notified Sept. 14/deadline Oct. 19/simplified)

OCT 20

-- Carlyle Group LP CG.O to acquire data storage unit Veritas from antivirus software maker Symantec Corp SYMC.O (notified Sept. 15/deadline Oct. 20/simplified)

OCT 21

-- Private equity firm Hellman & Friedman Capital Partners to acquire Dream Luxco SCA, the holding company of security services provider Securitas Direct Group SECUb.ST (notified Sept. 16/deadline Oct. 21/simplified)

OCT 23

-- Also Holding AG ALSN.S , a unit of Germany's Droege International Group AG, to acquire Polish IT company PC Factory S.A. (notified Sept. 18/deadline Oct. 23)

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

-- Private equity firm Bain Capital to acquire French food producer Davigel Group (notified Sept. 18/deadline Oct. 23/simplified)

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)

JAN 18

-- South African paper maker Mondi MNDJ.J MNDI.L to acquire some assets from portfolio company Walki (notified July 29/deadline extended to Jan. 18 from Sept. 2 after the European Commission opened an in-depth investigation)

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.

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.

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

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.