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EU mergers and takeovers (Sept 21)

Published 2017-09-21, 10:24 a/m
© Reuters.  EU mergers and takeovers (Sept 21)

BRUSSELS, Sept 21 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Swiss asset manager Partners Group PGHN.S to buy UK software firm Civica ($1.29 billion) (approved Sept. 20)

NEW LISTINGS

-- Private equity firm Warburg Pincus WP.UL and carmaker Tata Motors TAMO.NS to jointly acquire Tata Technologies (notified Sept. 20/deadline Oct. 25/simplified)

-- Dutch warehouse owner Borealis European Holdings B.V., Ontario Teachers' Pension Plan Board and SSE (LON:SSE) to acquire joint control of UK energy meter company Maple (notified Sept. 18/deadline Oct. 23/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

SEPT 26

-- Italian eyewear maker Luxottica LUX.MI and French lens manufacturer Essilor ESSI.PA to merge (notified Aug. 22/deadline Sept. 26)

SEPT 29

-- Irish agribusiness company ABP Food Group to acquire an additional stake in Linden Foods Limited, active in the slaughtering and processing of beef and ovine animals (notified Aug. 25/deadline Sept. 29)

-- 3M MMM.N to buy Johnson Controls (NYSE:JCI)' safety gear unit Scott Safety JCI.N for $2 billion (notified Aug. 25/deadline Sept. 29)

OCT 2

-- Private equity firm Bridgepoint to acquire UK property developer Miller Homes (notified Aug. 28/deadline Oct. 2/simplified)

-- Hong Kong's CK Infrastructure Holdings Ltd 1038.HK and Cheung Kong Property Holdings Ltd 1113.HK to indirectly acquire joint control of Luxembourg-based heat and water sub-metering company the ista group (notified Aug. 28/deadline Oct. 2/simplified)

OCT 3

-- German recycling company Remondis REMO.UL to acquireGermany's TSR Recyling (notified Aug. 29/deadline Oct. 3/simplified)

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OCT 4

-- Italian baby care products provider Artsana to acquire sole control of baby products retailer Italian peer Prenatal Retail Group, which it now jointly controls with Giochi Preziosi (notified Aug. 30/deadline Oct. 4/simplified)

-- Japanese car parts maker Denso 6902.T to acquire Japanese peer Fujitsu Ten (notified Aug. 30/deadline Oct. 4/simplified)

-- Private equity firm KKR KKR.N and U.S. pharmaceutical retailer Walgreens Boots Alliance WBA.O to acquire indirectly joint control of U.S. pharmaceutical services provider PharMerica PMC.N (notified Aug. 30/deadline Oct. 4/simplified)

-- U.S. medical equipment supplier Becton Dickinson and Co BDX.N to acquire U.S. peer C R Bard Inc BCR.N (notified Aug. 30/deadline Oct. 4)

OCT 5

-- Australian investment firm IFM Investors Pty Ltd and Singapore shipping terminal operator PSA International Pte Ltd PSAIN.UL to jointly acquire Turkish terminal operator Mersin (notified Aug. 31/deadline Oct. 5/simplified)

OCT 6

-- Japanese healthcare company Konica Minolta 4902.T to acquire U.S. diagnostics company Ambry Genetics (notified Sept. 1/deadline Oct. 6/simplified)

OCT 11

-- French banks Societe Generale SOGN.PA and BNP Paribas BNPP.PA to acquire joint control of German office building owner Horizon Development GmbH (notified Sept. 6/deadline Oct. 11/simplified)

OCT 12

-- Dutch property developer Unibail Rodamco UNBP.AS and German real estate fund Commerz Real Investmentgeseelschaft to jointly acquire Czech shopping centre owner CGI Metropole (notified Sept. 7/deadline Oct. 12/simplified)

OCT 13

-- Bermuda-headquartered reinsurer Axis Capital Holdings Ltd AXS.N to acquire UK insurer Novae NVA.L (notified Sept 13/deadline Oct 18/simplified)

-- Mirova Core Infrastructure, COMSA and Dutch fund manager PGGM to acquire joint control of Mircom Concesiones de Infraestructuras (notified Sept. 8/deadline Oct. 13/simplified)

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-- Italian infrastructure group Atlantia ATL.MI to acquire Spanish rival Abertis ABE.MC (notified Sept. 8/deadline Oct. 13)

-- Anglo-Dutch oil group Royal Dutch Shell RDSa.L to acquire indirect joint control of natural gas producer Crestwood Permian Basin LLC which is now solely controlled by Crestwood Permian Basin Holdings (notified Sept. 8/deadline Oct. 13/simplified)

-- Private equity firms Blackstone (NYSE:BX), Massachusetts Mutual Life Insurance Company and Cambourne Life Investment Pte Ltd to acquire joint control of UK insurer Rothesay Ho1dCo UK Ltd (notified Sept. 8/deadline Oct. 13/simplified)

OCT 16

-- Swiss food company Nestle NESN.S to acquire sole control of Beverage Partners Worldwide, a joint venture between Nestle and the Coca-Cola Co KO.N (notified Oct. 11/deadline Oct. 16)

-- Private equity firm Lone Star to acquire Spanish insulation materials maker Ursa Insulation (notified Sept. 11/deadline Oct. 16/simplified)

OCT 17

-- 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 Oct. 17)

-- Private equity firm Advent to acquire communications services company Williams Lea WLMSL.UL (notified Sept. 12/deadline Oct. 17/simplified)

OCT 18

-- Bermuda-headquartered reinsurer Axis Capital Holdings Ltd to acquire UK insurer Novae NVA.L (notified Sept. 13/deadline Oct. 18/simplified)

-- German insurer Allianz ALVG.DE to acquire UK financial services group Liverpool Victoria Friendly Society Ltd's LV.UL general insurance businesses (notified Sept. 13/deadline Oct. 18/simplified)

OCT 20

-- U.S. life sciences company Avantor to acquire U.S. lab supplies company VWR VWR.O (notified Sept. 15/deadline Oct. 20)

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-- U.S. fashion group Michael Kors KORS.N to acquire British shoemaker Jimmy Choo CHOO.L (notified Sept. 15/deadline Oct. 20/simplified)

-- U.S. company AES Corp AES.N and German conglomerate Siemens SIEGn.DE to acquire joint control of a joint venture (notified Sept. 15/deadline Oct. 20/simplified)

OCT 23

-- French carmaker Renault RENA.PA to acquire a 25 percent stake in electric car charging services Jedlix (notified Sept. 18/deadline Oct. 23/simplified)

OCT 26

-- French car parts maker Valeo VLOF.PA to acquire German clutch maker FTE Automotive(notified Sept. 7/deadline Oct. 26/commitments submitted Sept. 7)

JAN 22

-- German industrial group Bayer BAYGn.DE to acquire U.S. seeds company Monsanto (NYSE:MON) MON.N (notified June 30/deadline extended to Jan. 22 from Jan. 8 after the companies asked for more time)

DEADLINE SUSPENDED

-- U.S. smartphone chipmaker Qualcomm QCOM.O to acquire Dutch company NXP Semiconductors NV NXPI.O (notified April 28/deadline suspended from Aug. 17)

-- German brake systems maker Knorr-Bremse STELLG.UL to acquire Swedish peer Haldex HLDX.ST (notified June 1/deadline suspended on Aug. 22)

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.

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