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 (May 19)

Published 2017-05-19, 01:45 p/m
© Reuters.  EU mergers and takeovers (May 19)

BRUSSELS, May 19 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- U.S. packaging company WestRock WRK.N to acquire U.S. peer Multi Packaging Solutions MPSX.N (approved May 18)

-- Italian cinema operator The Space Cinema, which is controlled by Vue International Holdco Ltd, and Italian peer UCI Italian S.p.A. which is part of Chinese conglomerate Dalian Wanda Group, to set up a joint venture (approved May 18)

-- Investment companies TPG TPG.UL and Oaktree OAK.N to take joint control over Britain's Iona Energy Co IEC.UL , which owns 75 percent of two undeveloped oil fields in the North Sea and that will be active in crude oil production and sale (approved May 18)

-- French aircraft engine and aerospace equipment company Safran SAF.PA and China Eastern Airlines Co. Ltd. 600115.SS to form joint venture to provide aircraft maintenance in China (approved May 18)

-- Energy company Electricite de France EDF.PA , French state-owned bank Caisse des depots et consignations CDCEC.UL and Japan's Mitsubishi Corporation 8058.T to create a joint venture NGM to finance electric mobility projects mainly in France (approved May 18)

NEW LISTINGS

-- Chinese conglomerate HNA Holding Group Co 0521.HK to acquire Singapore-listed logistics company CWT CWTD.SI (notified May 18/deadline June 27/simplified)

-- Buyout firm Blackstone (NYSE:BX) BX.N and Canada Pension Plan Investment Board (CPPIB) to acquire indirect joint control of U.S. educational content provider Ascend Learning (notified May 18/deadline June 27/simplified)

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

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

MAY 22

-- Investment firms Cinven Capital Management CINV.UL and Canada Pension Plan Investment Board to acquire joint control of Travel Holdings Parent Corporation (notified April 10/deadline May 22)

MAY 29

-- French EDF EDF.PA to acquire equipment and fuel manufacturing company Areva AREVA.PA (notified April 18/deadline May 29)

MAY 30

-- French media group Vivendi VIV.PA to acquire de facto sole control of Italy's Telecom Italia TLIT.MI (notified March 31/deadline extended to May 30 from May 12 after Vivendi offered concessions)

MAY 31

-- Manufacturing and technology company General Electric's GE.N Oil & Gas to acquire oilfield services company Baker Hughes BHI.N (notified April 20/deadline May 31)

JUNE 1

-- Waste water company SGAB and Spanish infrastructure company Acciona ANA.MC to acquire 10 percent of Sociedad Concesionaria de la Zona Regable del Canal de Navarra (notified April 21/deadline June 1/simplified)

JUNE 2

-- Australian bank Macquarie MBL.UL and British pension fund Universities Superannuation Scheme to acquire Green Investment Bank (notified April 24/deadline June 2/simplified)

JUNE 7

-- German company CWS-Boco, which is part of German firm Haniel, to acquire some of British support services firm Rentokil's RTO.L workwear and hygiene units (notified April 26/deadline June 7)

JUNE 8

-- German chemicals company Evonik Industries EVKn.DE to acquire U.S. company J.M. Huber Corp's CPKEL.UL silica business (notified April 27/deadline June 8)

JUNE 9

-- Private equity firm Hellman & Friedman to acquire Spanish logistics platform Allfunds Bank (notified April 28/deadline June 9/simplified)

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

-- U.S. smartphone chipmaker Qualcomm QCOM.O to acquire Dutch companyr NXP Semiconductors NV NXPI.O (notified April 28/deadline June 9)

-- Chinese textiles company Shanghai Shenda 600626.SS to acquire International Automotive Components Group's IAUCP.UL trim and acoustics unit business (notified April 24/deadline June 9/simplified)

JUNE 12

-- American healthcare company Johnson & Johnson (NYSE:JNJ) JNJ.N to acquire Swiss biotech company Actelion ATLN.S (notified April 12/deadline extended to June 12 from May 24 after the companies offered concessions)

-- Norwegian debt collection agency Nordic Capital, which is majority owned by Nordic Capital Fund VIII and Swedish peer firm Intrum Justitia IJ.ST to merge (notified April 12/deadline extended to June 12 from May 24 after the companies offered concessions)

JUNE 14

-- Private equity firms BC Partners and Pollen Street Capital Ltd to jointly acquire UK bank Shawbrook Group plc (notified May 4/deadline June 14/simplified)

JUNE 15

-- U.S. private equity firm Leonard Green & Partners and the Ontario Municipal Employees Retirement System Primary Pension Plan (OMERS) to acquire joint control of U.S. car repairs company OPE Caliber Holdings (notified May 5/deadline June 15/simplified)

-- Austrian refractories materials maker RHI RHIV.VI to acquire a controlling stake in Brazilian peer Magnesita Refratarios MAGG3.SA (notified May 5/deadline June 15)

JUNE 21

-- Investment bank Goldman Sachs (NYSE:GS) GS.N and French investment company Eurazeo EURA.PA to jointly acquire Dominion Web Solutions (notified May 12/deadline June 21/simplified)

-- French private equity company Ardian France and real estate agent Jones Lang LaSalle Inc JLL.N to jointly acquire an office building in France (notified May 12/deadline June 21/simplified)

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

-- French minerals company Imerys IMTP.PA to acquire French calcium aluminate cements maker Kerneos (notified May 12/deadline June 21)

JUNE 22

-- German online fashion retailer Zalando ZALG.DE and fashion company Bestseller United to set up a joint venture (notified May 15/deadline June 22/simplified)

JUNE 26

-- Private equity firms Advent International and Bain Capital Investors to jointly acquire payment services company RatePAY (notified May 17/deadline June 26/simplified)

-- Private equity firm Oaktree to acquire German nursing care provider Vitanas P&W (notified May 17/deadline June 26/simplified)

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.