CVC 0.00% $2.06 cvc limited

News: CVC EU mergers and takeovers (Sept 17)

  1. 68,069 Posts.
    lightbulb Created with Sketch. 460

    BRUSSELS, Sept 17 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger proces

    APPROVALS AND WITHDRAWALS -- Kuwait's sovereign wealth fund Kuwait Investment Authority to acquire oil and gas pipeline firm North Sea Midstream Partners from private equity firm ArcLight Capital (approved Sept. 14)

    -- Private equity firm KKR KKR.N to acquire U.S. business software company BMC Software (approved Sept. 14)

    NEW LISTINGS -- Italian and U.S.-based private equity firms the Carlyle Group CG.O and Investindustrial to acquire furniture maker B&B Italia and lighting companies Flos and Louis Poulsen as part of a new venture to create high-end interior design group, Design Holding (notified Sept. 14/deadline Oct. 19/simplified)

    -- German industrial gas company Messer Group and private equity group CVC (CVC) to acquire certain assets from German chemical company Linde Group(notified Sept. 14/deadline Oct. 19/simplified)

    -- U.S. software company Microsoft Corp MSFT.O to buy privately held coding website GitHub Inc (notified Sept. 14/deadline Oct. 19)

    -- Walt Disney Co DIS.N to buy the bulk of Twenty-First Century Fox Inc's FOXA.O film and television assets (notified Sept. 14/deadline Oct. 19)

    EXTENSIONS AND OTHER CHANGES None

    FIRST-STAGE REVIEWS BY DEADLINE

    SEPT 19 -- French carmaker PGA Motors and Fiber to acquire joint control of auto dealer and car parts distributor Bernard Participations (notified July 31/deadline extended to Sept. 19 from Sept. 5 after the French competition authority asked to take over the case)

    SEPT 21 -- Norwegian aluminium maker Norsk Hydro NHY.OL to acquire some of Anglo-Australian mining company Rio Tinto's RIO.L (RIO) aluminium production assets (notified Aug. 17/deadline Sept. 21)

    SEPT 25 -- German alphalt maker Deutsche Asphalt, which is a subsidiary of Austrian construction company Strabag STRV.VI , and German road construction company Bunte to set up a joint venture (notified Aug. 21/deadline Sept. 25/simplified)

    SEPT 27 -- U.S. planemaker Boeing BA.N and French aerospace company Safran SAF.PA to set up a joint venture to make and service aircraft auxiliary power units (notified Aug. 23/deadline Sept. 27)

    SEPT 28 -- Private equity firm KKR KKR.N and French telecoms provider Altice NUMCF.PK to acquire joint control of Altice's French subsidiary SFR Filiale (notified Aug. 24/deadline Sept. 28/simplified)

    -- U.S. management company Abry Partners to acquire Norwegian A2P messaging company Link Mobility ASA LINK.OL (notified Aug. 24/deadline Sept. 28/simplified)

    OCT 1 -- Canada's Public Sector Pension Investment Board and Canadian institutional investor British Columbia Investment Management Corporation (BCI) to acquire joint control of Canadian forest product company Island Timberlands (notified Aug. 27/deadline Oct. 1/simplified)

    -- Private equity firm EQT Fund Management to acquire Luxembourg specialty chemicals and food ingredients distributor Azelis (notified Aug. 27/deadline Oct. 1/simplified)

    OCT 3 -- U.S. plane maker Boeing BA.N to acquire aerospace parts company KLX KLXI.O (notified Aug. 29/deadline Oct. 3)

    -- Goldman Sachs GS.N and Japanese financial services group Orix Corp 8591.T to acquire shares in Japanese pharmaceutical company ILS Inc

    OCT 4 -- Private equity fund Lone Star to buy roof tiles business of France's Imerys IMTP.PA (notified Aug. 30/deadline Oct. 4/simplified)

    -- German project group Steag and German engineering company Siemens SIEGn.DE take joint control of power plan in Herne, western Germany (notified Aug. 30/deadline Oct. 4)

    -- Germany's Vossloh and Austria's Rhomberg Sersa Rail Holding form joint venture in railway technology (notified Aug. 30/deadline Oct. 4/simplified)

    OCT 5 -- Boeing BA.N and automotive seat maker Adient ADNT.N to form joint venture to make airline seats (notified Aug. 31/deadline Oct. 5)

    -- Japanese beverages and pharmaceutical group Kirin Holdings 2503.T and Japanese trading house Mitsui 8031.T to acquire joint control of nutritional supplements company Thorne Holding Corp (notified Aug. 31/deadline Oct. 5/simplified)

    OCT 8 -- Swedish mobile operato Tele2 TEL2b.ST to buy Swedish cable TV company Com Hem (notified Sept. 3/deadline Oct. 8)

    -- Chinese conglomerate CITIC Group to require a majority stake in Czech holding group European Bridge Travel, which controls travel services companies (notified Sept. 3/deadline Oct. 8/simplified)

    OCT 9 -- Alphabet's GOOGL.O Verily forms a joint venture with ResMed RMD.N to study sleep apnea (notified Sept. 4/deadline Oct. 9/simplified)

    -- Canadian auto parts maker Magna MG.TO to acquire Italian lighting products maker Olsa (notified Sept. 4/deadline Oct. 9/simplified)

    OCT 10 -- U.S. investment firm KKR KKR.N to acquire joint control over Singapore property website Property Guru (notified Sept. 5/deadline Oct. 10/simplified)

    OCT 11 -- Private investment firm SK Capital Partners to buy U.S. specialty chemical company Schenectady International (notified Sept. 6/deadline Oct. 11)

    OCT 12

    -- Business process services company Synnex Corp SNX.N to buy call center operator Convergys Corp CVG.N (notified Sept. 7/deadline Oct. 12/simplified)

    -- Buy-out firm Cinven, through its controlled portfolio company Viridium Holding, to acquire sole control of insurance company Generali Lebensversicherung (notified Sept. 7/deadline Oct. 12/simplified)

    -- German gaming and gambling company Gauselmann GAUS.UL to take a 33 percent stake and joint control of casino operator Spielbank Mainz (notified Sept. 7/ deadline Oct. 12/simplified)

    -- Investment company Bregal to buy travel firm Trendtours Touristik (notified Sept. 7/deadline Oct. 12/simplified)

    OCT 15 -- U.S. pet food maker Mars Petcare to buy European veterinary business Anicura (notified Sept. 10/deadline Oct. 15)

    -- Qatar Petroleum QATPE.UL to acquire a 30 percent stake in two of Exxon Mobil's XOM.N affiliates in Argentina (notified Sept. 10/deadline Oct. 15/simplified)

    OCT 16 -- French equity firm PAI Partners to buy board game publisher Asmodee (notified Sept. 11/deadline Oct. 16/simplified)

    -- Japanese industrial gas supplier Taiyo Nippon Sanso 4091.T to buy European business of industrial gas company Praxair PX.N (notified Sept. 11/deadline Oct. 16)

    OCT 17 -- Semiconductor company Broadcom AVGO.O to acquire technology company CA CA.O (notified Sept. 12/deadline Oct. 17/simplified)

    -- 3i Infrastructure 3IN.L and Danish pension company ATP to invest in telecoms operator Tampnet (notitied Sept. 12/deadline Oct. 17/simplified)

    -- Private equity company the Carlyle Group CG.O to acquire interest in U.S. broadcast services company NEP Group NEPG.N (notified Sept. 12/deadline Oct. 17/simplified)

    OCT 18 -- Morgan Stanley Infrastructure MS.N to buy German rail logistics group VTG VT9G.DE (notified Sept. 13/deadline Oct. 18/simplified)

    NOV 30 -- Deutsche Telekom DTEGn.DE to acquire Swedish peer Tele2's TEL2b.ST Dutch unit and merge it with its Dutch business T-Mobile Nederland (notified May 2/deadline Nov. 30 after deadline suspension ended Aug. 6)

    DEC 13 -- Copper company KME, which is part of Intek Group IKG.MI , to acquire German peer MKM Mansfelder Kupfer and Messing GmbH (notified June 4/deadline extended to Dec. 13 from Nov. 29 after the companies asked for more)

    DEC 18 -- German company BASF BASFn.DE to acquire Belgian chemicals company Solvay's SOLB.BR worldwide polyamide business (notified May 22/deadline Dec. 18)

    JAN 3 -- German copper products maker Wieland-Werke to acquire German copper smelter Aurubis' NAFG.DE flat rolled products unit Products Schwermetall (notified June 13/deadline extended to Jan. 3 from Dec. 10 after the companies asked for more time)

    JAN 8 -- French aerospace and defence group Thales TCFP.PA to acquire Franco-Dutch chipmaker Gemalto GTO.AS (notified June 18/deadline extended to Jan. 8 from Nov. 29 from July 23 after the companies asked for more time)

    JAN 28 -- Siemens SIEGn.DE and Alstom ALSO.PA to merge their railway operations (notified June 8/deadline set at Jan. 28 on Sept. 7)

    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.

 
watchlist Created with Sketch. Add CVC (ASX) to my watchlist
(20min delay)
Last
$2.06
Change
0.000(0.00%)
Mkt cap ! $212.6M
Open High Low Value Volume
$2.06 $2.06 $2.06 $1.03K 500

Buyers (Bids)

No. Vol. Price($)
1 10000 $1.85
 

Sellers (Offers)

Price($) Vol. No.
$2.07 6000 1
View Market Depth
Last trade - 14.18pm 22/11/2024 (20 minute delay) ?
CVC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.