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EU mergers and takeovers (March 30)

Published 2017-03-30, 10:30 a/m
Updated 2017-03-30, 10:40 a/m
© Reuters.  EU mergers and takeovers (March 30)

BRUSSELS, March 30 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Buyout firm Lone Star to acquire German building materials maker Xella from private equity firm PAI Partners and funds managed by Goldman Sachs' GS.N investment arm (approved March 29)

-- UK property developer Segro SGRO.L and Canada's Public Sector Pension Investment Board to jointly acquire three logistics operations in Italy (approved March 29)

-- French real estate asset management company Amundi Immobilier, which is part of French bank Credit Agricole CAGR.PA , and French social protection services provider Malakoff Mederic to acquire joint control of German property developer TAS Kapstadtring (approved March 29)

NEW LISTINGS

-- Toyota Industries Europe 6201.T to acquire Vive, the parent company of Dutch industrial company Vanderlande Industries Holding B.V (notified March 29/deadline May 10/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

MARCH 31

-- German synthetic rubber maker Lanxess AG LXSG.DE to acquire U.S. specialty chemical company Chemtura CHMT.N (notified Feb. 24/deadline March 31)

APRIL 4

-- U.S. computer and printer maker Hewlett Packard HPQ.N to acquire South Korean group Samsung (KS:005930) Electronics' 005930KS printer business (notified Feb. 28/deadline April 4)

APRIL 7

-- Engie Group French banking group BPCE to acquire a 49.9 percent stake in renewable energy companies LCS 4 and LCS (notified March 3/deadline April 7/simplified)

-- Twenty-First Century Fox FOXA.O to acquire the rest of European pay-TV company Sky SKYB.L it does not own (notified March 3/deadline April 7)

APRIL 10

-- Danish container shipping company Maersk MAERSKb.CO to acquire German peer Hamburg Sud (notified Feb. 20/deadline extended to April 10 from March 27 after commitments submitted)

APRIL 11

-- Private equity firm Partners Group PGHN.S to acquire European operator of clinical pathology laboratory operator Cerba Healthcare from PAI Partners (notified March 7/deadline April 11/simplified)

APRIL 12

-- U.S. aircraft component maker Rockwell Collins (NYSE:COL) COL.N to acquire aircraft interior maker B/E Aerospace BEAV.O (notified March 8/deadline April 12)

-- U.S. car part supplier Lear LEA.N to acquire Grupo Antolin's automotive seating business (notified March 8/deadline April 12/simplified)

-- Dutch insurer NN Group NN.AS to acquire Dutch rival Group Delta Lloyd DLL.AS (notified Feb. 22/deadline extended to April 12 from March 29 after the Dutch competition regulator asked to examine the deal)

-- Chinese state-owned company China National Chemical Corp (ChemChina) CNNCC.UL to acquire Swiss pesticides and seeds group Syngenta SYNN.S (notified Sept. 23/deadline extended to April 12)

APRIL 18

-- Megatrend European Holdings, which is part of property investment company TH Real Estate, and German insurer Allianz ALVG.DE to jointly acquire Finnish company NRF which owns Helsinki-based Kamppi Shopping Centre (notified March 9/deadline April 18)

-- German cement producers Heidelbergcement HEIG.DE and Schwenk to jointly acquire Mexican peer Cemex's CMXCPO.MX Croatian unit (notified Sept. 5/deadline extended to April 18 from March 23)

APRIL 19

-- Private equity firm Advent International to acquire biometrics and security business Morpho from French aerospace group Safran SAF.PA (notified Feb. 24/deadline extended to April 19 from March 31 after the companies offered concessions)

-- Private equity firm 3i III.L , Dutch asset manager APG and Danish pension fund ATP to acquire a portfolio of European infrastructure companies from EISER (notified March 10/April 19/simplified)

-- Britain's Rolls-Royce RR.L to acquire the remaining 53.1 percent stake in Spanish aircraft engine and components maker Industria de Turbo Propulsores (ITP) (notified Feb. 24/deadline extended to April 19 from March 31 after the companies offered concessions)

APRIL 21

-- French utility Engie ENGIE.PA to acquire UK property developer Keepmoat Regeneration HOldings (notified March 14/deadline April 21/simplified)

APRIL 24

-- French media company Bollore BOLL.PA to acquire control of French company Vivendi VIV.PA (notified March 15/deadline April 24)

-- France's Group Credit Mutuel and French bank BNP Paribas BNPP.PA to set up a joint venture (notified March 15/deadline April 24)

-- Bollore Energy, which is part of French group Bollore BOLL.PA , and Total Marketing France, which is part of French energy company Total TOTF.PA , to set up a joint venture (notified March 15/deadline April 24/simplified)

APRIL 25

-- Private equity firm CVC CVC.UL to acquire Polish retailer Zabka Polska (notified March 16/deadline April 25/simplified)

APRIL 26

-- Investment company Ardian to acquire majority of France's Prosol, an operator of Grand Frais grocery stores (notified March 17/deadline April 26/simplified)

-- Singapore-based tech communications company Broadcom (NASDAQ:AVGO) AVGO.O to acquire U.S. networking switches and software maker Brocade (notified March 17/ deadline April 26)

-- Swiss pharmaceutical supplier Lonza Group LONN.S to acquire U.S. capsule maker Capsugel from private equity firm KKE & Co LP KKR.N (notified March 17/deadline April 26)

MAY 2

-- Italian energy company Duferco Energia to acquire a business unit from Italian electricity company Energhe S.p.A. (notified March 22/deadline May 2/simplified)

MAY 4

-- Private investment firm KKR & Co. KKR.N to acquire travel company Travelopia Holdings Ltd and Travelopia USA Inc. (notified March 24/ deadline May 4/simplified)

MAY 5

-- Japan's Panasonic Corporation 6752.T to acquire Spanish auto parts maker Ficosa International FICOS.UL (notified march 27/deadline May 5)

-- Banking services platform Pillarstone to acquire holding company Famar which has activities in the pharmaceutical industry (notified March 27/deadline May 5/simplified)

MAY 8

-- Swiss car importer Emil Frey France to acquire French car parts distributor PGA Group SAS from German carmaker Volkswagen Group VOWG_p.DE (notified March 28/deadline May 8/simplified)

MAY 12

-- U.S. chemicals group Riechhold REICH.UL and Black Diamond Capital to acquire Italian polymers maker Polynt ININDY.UL which is owned by Italian private equity group Investindustrial (notified March 17/deadline May 12/commitments offered March 17)

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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