Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

EU mergers and takeovers (March 23)

Published 24/03/2018, 02:43 am
Updated 24/03/2018, 02:50 am
© Reuters.  EU mergers and takeovers (March 23)

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

APPROVALS AND WITHDRAWALS

-- Private equity firm KKR KKR.N to acquire Anglo-Dutch consumer products group Unilever's ULVR.L UNc.AS margarine and spreads business (approved March 22)

-- Chinese conglomerate Fosun 0656.HK to acquire German pension insurer Pro Bav Pensionskasse (approved March 19)

NEW LISTINGS

-- 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)

-- 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)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

APRIL 5

-- Private equity firm KKE KKR.N to acquire UK car parts maker Tekfor (notified Feb. 26/deadline April 5/simplified)

APRIL 9

-- U.S. software company IBM (NYSE:IBM) IBM.N and Danish shipping company Maersk MAERSKb.CO to set up a joint venture (notified Feb. 28/deadline April 9/simplified)

-- Private equity firm Platinum Equity Group to acquire U.S. hotelier Wyndham Worldwide (NYSE:WYN) Corp's WYN.N European vacation rental business (notified Feb. 28/deadline April 9/simplified)

APRIL 10

-- Investment management firm 3I to acquire Dutch personal care products maker SITS Holding B.V. (notified March 1/deadline April 10/simplified)

-- Australian investment bank Macquarie Group MQG.AX to acquire Danish telecoms company TDC TDC.CO (notified March 1/deadline April 10/simplified)

APRIL 11

-- Apollo Capital Management and JSW Steel Limited to take joint control of Monnet Ispat Energy Limited (notified March 2/deadline April 11/simplified)

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

-- Private equity firm Equistone Partners Europe to acquire French leisure travel services providers Fram and Karavel (notified March 2/deadline April 11/simplified)

-- 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)

-- Investment funds Prime Credit 3, Oxalis Holding and three individuals to acquire joint control of Phoenix Asset Management, which is now owned by the three individuals (notified March 5/deadline April 12/simplified)

APRIL 13

-- 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 (notified March 6/deadline April 13/simplified)

-- Canadian asset management company Brookfield BAMa.TO to acquire Spanish renewable energy company Saeta SAY.MC (notified March 6/deadline April 13/simplified)

-- 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)

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

-- 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 (NYSE:UTX) UTX.N to acquire avionics maker Rockwell Collins (NYSE:COL) COL.N (notified March 12/deadline April 19)

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)

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)

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

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 (NYSE:PX) 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.

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.