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EU mergers and takeovers (Nov 28)

Published 2017-11-28, 09:37 a/m
Updated 2017-11-28, 09:40 a/m
© Reuters.  EU mergers and takeovers (Nov 28)

BRUSSELS, Nov 28 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

None

NEW LISTINGS

-- Canada Pension Plan Investment Board, German insurer Allianz (DE:ALVG) and Spanish utility Gas Natural GAS.MC to acquire joint control of Gas Natural's natural gas distribution business in Spain Gas Natural Fenosa Generacion Nuclear (notified Nov. 27/deadline Jan. 10/simplified)

-- U.K. private equity firm TDR Capital to acquire French restaurant franchise operator Rossini Holding (notified Nov. 27/deadline Jan. 10/simplified)

-- Comsa Concesionanes S.L., Mirova Core Infrastructure and Dutch fund manager PGGM Infrastructure Funds to acquire joint control of Cedinsa Concessionaria (notified Nov. 24/deadline Jan. 9/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

DEC 1

-- French oil major Total TOTF.PA to acquire Danish shipping company Maersk's MAERSKb.CO oil and gas business(notified Oct. 25/deadline Dec. 1/simplified)

DEC 4

-- Austrian energy and petrol station company OMV OMVV.VI to acquire 40 percent of electric car charging company Smatrics which is owned by hydropower company Verbund VERB.VI and Germany's Siemens SIEGn.DE (notified Oct. 26/deadline Dec. 4/simplified)

-- Infrastructure fund DIF and French fund manager Caisse des Depots et Consignations to jointly acquire French broadband network operator ADTIM (notified Oct. 26/deadline Dec. 4/simplified)

DEC 5

-- China's COSCO Shipping 601919.SS to acquire Hong Kong's Orient Overseas International Ltd (OOIL) 0316.HK (notified Oct. 27/deadline Dec. 5)

-- French car rental company Europcar EUCAR.PA to acquire Spanish peer Goldcar (notified Oct. 27/deadline Dec. 5)

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DEC 6

-- Private equity firm EQT to acquire Dutch dental services group Curaeos Holding (notified Oct. 30/deadline Dec. 6/simplified)

-- Czech state-controlled special purpose vehicle Prisko to acquire Czech coal producer OKD Nastupnicka (notified Oct. 30/deadline Dec. 6)

DEC 7

-- German carrier Lufthansa LHAG.DE to acquire some Air Berlin AB1.DE assets (notified Oct. 31/deadline Dec. 7)

DEC 8

-- French insurer Axa AXAF.PA and specialist fund Pradera to jointly acquire two Italian properties (notified Nov. 11/deadline Dec. 8/simplified)

-- German air maintenance services provider Lufthansa Technik and and sensor maker Pepperl + Fuchs to set up a joint venture (notified Nov. 3/deadline Dec. 8/simplified)

DEC 12

-- Private equity firm the Carlyle Group CG.O to acquire British delivery company and convenience store operator Palmer & Harvey McLane (notified Nov. 7/deadline Dec. 12/simplified)

-- British budget carrier easyJet EZJ.L to acquire parts of German airline Air Berlin AB1.DE (notified Nov. 7/deadline Dec. 12)

DEC 13

-- French bank Credit Agricole 's CAGR.PA Italian unit Cariparma to acquire at least 95 percent of three Italian savings banks Caricesena, Carim and Carismi (notified Nov. 8/deadline Dec. 13/simplified)

DEC 15

-- German energy group Innogy IGY.DE and European Energy Exchange (EEX) to set up a joint venture (notified Nov. 10/deadline Dec. 15/simplified)

DEC 18

-- French property developer Fonciere des Regions and Marriott International MAR.O to acquire joint control of Le Meridien Hotel in Nice (notified Nov. 13/deadline Dec. 18/simplified)

-- German glasswear company Carl Zeiss CZTOP.UL and Deutsche Telekom DTEGn.DE to develop smart glasses (notified Nov. 13/deadline Dec. 18/simplified)

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-- Japanese engineering company Chiyoda Corp 6366.T which is a subsidiary of Japan's Mitsubishi Corp 8058.T , Portugal's Energias de Portugal, energy company Trustwind, which is a unit of a joint venture between France's Engie ENGIE.PA and Marubeni Corp 8002.T , Japanese conglomerate Mitsubishi, and Spanish energy company Repsol (MC:REP) to set up a joint venture (notified Nov. 13/deadline Dec. 18/simplified)

-- Australian investment bank MacQuarie MQG.AX and German storage services provider Oiltanking to acquire joint control of petrochemical storage operator Oiltanking Odfjell terminal Singapore (notified Nov. 13/deadline Dec. 18/simplified)

DEC 19

-- German car parts supplier ZF subsidiary ZFF.UL Zukunft Venture, German bicycle parts maker Gustav Magenwirth, German brakes maker Brake Force One and vehicle driving systems maker Unicorn Energy to set up a joint venture (notified Nov. 14/deadline Dec. 19/simplified)

DEC 20

-- 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 Dec. 20)

-- France's Engie ENGIE.PA , Omnes Capital and Predica Prevoyance to jointly acquire several wind farms (notified Nov. 15/deadline Dec. 20/simplified)

DEC 21

-- French aerospace group Safran SAF.PA to acquire French seats maker Zodiac Aerospace ZODC.PA (notified Nov. 16/deadline Dec. 21)

-- French bank Societe Generale SOGN.PA and BNP Paribas BNPP.PA to jointly acquire French property developer Powerhouse France (notified Nov. 16/deadline Dec. 21/simplified)

-- Private equity firm CVC CVC.AX to acquire Israeli drugmaker Teva Pharmaceutical (NYSE:TEVA) Industries' TEVA.TA women's health business (notified Nov. 16/deadline Dec. 21)

DEC 22

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-- Hong Kong conglomerate CK Hutchison's 0001.HK container terminal operator Hutchison Ports Netherlands B.V. and Dutch stevedoring services provider TMA Holding to acquire joint control of Dutch logistics company TMA Logistics (notified Nov. 17/deadline Dec. 22/simplified)

-- Private equity firms CVC CVC.AX and Providence to acquire joint control of security services provider Skybox (notified Nov. 17/deadline Dec. 22/simplified)

-- Private eqyity firm BC Partners to acquire German ceramics maker CeramTec Holding GmbH (notified Nov. 17/deadline Dec. 22/simplified)

-- Private equity firm Blackstone (NYSE:BX) BX.N to acquire Portuguese bank Banco Popular's real estate business (notified Nov. 17/deadline Dec. 22/simplified)

-- French petroleum product storage and distribution group Rubis Group RUBF.PA and Phillips 66 (NYSE:PSX) to acquire joint control of Zeller & Cie (notified Nov. 17/deadline Dec. 22)

-- German investment group Porsche Digital GmbH, which is a subsidiary of German carmaker Volkswagen VOWG_p.DE , and German publisher Axel Springer to set up a joint venture (notified Nov. 17/deadline Dec. 22/simplified)

JAN 4

-- Private equity firm EQT Fund Management to acquire German energy company G+E Getec Holding (notified Nov. 21/deadline Jan. 4/simplified)

-- Spanish energy company Companía Espanola de Petroleos, S.A.U. (CEPSA), which is controlled by Abu Dhabi state fund Mubadala Investment Co, to acquire control of Spanish gas company CEPSA Gas Comercializadora (notified Nov. 21/deadline Jan. 4/simplified)

JAN 5

-- U.S. private equity firm Bain Capital to acquire Japanese conglomerate Toshiba Corp's 6502.T chip unit (notified Nov. 22/deadline Jan. 5/simplified)

JAN 8

-- WME Entertainment Parent, which is controlled by private equity firm Silver Lake Group, and Perform Group Ltd, which is a unit of Access Industries Ltd, to set up a joint venture in South America (notified Nov. 23/deadline Jan. 8/simplified)

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-- French energy company Engie ENGIE.PA to acquire indirect sole control of British energy trader IPM Energy Trading and UK natural gas shipping services provider International Power Fuel Co (notified Nov. 23/deadline Jan. 8/simplified)

-- Fund management firm Varde to acquire French vehicle leasing firm Fraikin (notified Nov. 23/deadline Jan. 8/simplified)

-- Japanese electronics parts maker Kyocera 6971.T to acquire Japanese diecasting maker Ryobi's power tool business (notified Nov. 23/deadline Jan. 8/simplified)

MARCH 5

-- German industrial group Bayer BAYGn.DE to acquire U.S. seeds company Monsanto (NYSE:MON) MON.N (notified June 30/deadline March 5)

MARCH 8

-- Italian eyewear maker Luxottica LUX.MI and French lens manufacturer Essilor ESSI.PA to merge (notified Aug. 22/deadline March 8)

MARCH 15

-- U.S. smartphone chipmaker Qualcomm QCOM.O to acquire Dutch company NXP Semiconductors NV NXPI.O (notified April 28/deadline March 15)

MARCH 19

-- U.S. specialty material company Celanese CE.N and private equity firm Blackstone BX.N to combine their cellulose acetate tow units under a new joint venture (notified Sept. 9/deadline extended to March 19 from March 5)

MARCH 23

-- Luxembourg-based steelmaker ArcelorMittal MT.AS to acquire Italian steel plant (notified Sept. 21/deadline extended to March 23 from Nov. 13 after ArcelorMittal offered concessions)

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.

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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.

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