BRUSSELS, Jan 22 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger proces
APPROVALS AND WITHDRAWALS -- Australian engineering services provider Worleyparsons (WOR) to acquire U.S. peer Jacobs Engineering Group Inc's JEC.N energy, chemicals and resources business (approved Jan. 21)
-- Private equity firm Blackstone BX.N to acquire a majority stake in Baltic bank Luminor from Swedish bank Nordea
and Norwegian lender DNB DNB.OL (approved Jan. 21)
NEW LISTINGS -- German utility RWE RWEG.DE to break up its networks and renewables unit Innogy IGY.DE with the assets to be divided between RWE and E.ON EONGn.DE (notified Jan. 22/deadline Feb. 26)
-- Swiss insurance company Swiss Life Holding SLHN.S and English private equity firm Montagu Private Equity to indirectly acquire joint control over an already leased Munich office building through an asset deal (notified Jan. 18/deadline Feb. 22/simplified)
EXTENSIONS AND OTHER CHANGES -- Global packaging supplier Amcor (AMC) to acquire U.S.-rival Bemis BMS.N (notified Dec. 12/deadline Feb. 11/Amcor offered concessions on Feb. 21)
FIRST-STAGE REVIEWS BY DEADLINE
JAN 23 -- India's UPL Corp UPLL.NS to acquire U.S. chemicals maker Platform Specialty Products Corp's agrochemicals business Arysta LifeScience (notified Dec. 7/deadline Jan. 23)
JAN 28 -- German car parts makers Aunde and Brose to set up a joint venture (notified Dec. 12/deadline Jan. 28/simplified)
JAN 29 -- Agricultural merchant Cargill and grains trader Archer Daniel Midland ADM.N to set up a joint venture (notified Dec. 13/deadline Jan. 29/simplified)
JAN 30 -- Canadian auto parts maker Magna International MG.TO to acquire car transmissions systems maker Getrag Ford Transmissions Slovakia (notified Dec. 14/deadline Jan. 30/simplified)
FEB 1 -- United Arab Emirates-based Mubadala Investment Company
and Amerra Capital Management LLC to jointly acquire majority stakes in Greek fish farming companies Nireus SANIRr.AT and Selonda SASELr.AT (notified Dec. 18/deadline Feb. 1)
FEB 2 -- 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 Feb. 2 from Jan. 17 after Wieland-Werke submitted concessions)
FEB 4 -- German carmaker Daimler DAIGn.DE to acquire a stake in used-car portal Heycar from rival Volkswagen
VOWG_p.DE (notified Dec. 19/deadline Feb. 4/simplified)-- Chemicals distributor Univar UNVR.N to acquire plastics distributor Nexeo NXEO.O (notified Dec. 19/deadline Feb. 4/simplified)
FEB 5 -- Japan's Denso corp and Aisin Seiki to create joint venture in powertrains for electric and hybrid vehicles (notified Dec. 20/deadline Feb. 5/simplified)
-- Etem Belgium and Gestamp North Europe Services create two joint ventures (notified Dec. 20/deadline Feb. 5/simplified)
FEB 6 -- France's EPIC SNCF Gares & Connexions and Ceetrus pursue joint venture to create new company SEMOP (notified Dec. 21/deadline Feb. 6/simplified)
-- CVC Capital Partners to acquire installation company Ahlsell AB AHSL.ST (notified Dec. 21/deadline Feb. 6/simplified)
-- French sea transportation company CMA CGM to acquire sole control over Swiss freight forwarding and logistics company CEVA (notified Dec. 21/deadline Feb. 6/simplified)
-- Global real estate investor Ivanhoe Cambridge to acquire joint control with Australia's Macquarie of U.S.-based RHP Platform and RHP Manager (notified Dec. 21/deadline Feb. 6/simplified)
-- China's Fosun 0656.HK to obtain passively de facto control of German fashion company Tom Tailor (notified Dec. 21/deadline Feb. 6/simplified)
FEB 11 -- French financial services group Société Générale to acquire sole control over Germany's Commerzebank's "Equity Markets & Commodities" business (notified Jan. 7/deadline Feb. 11)
FEB 12 -- Paris-based Air France-KLM AIRF.PA to acquire stake and joint control with U.S. Delta Air Lines DAL.N and Virgin Group of U.K.-based Virgin Atlantic Limited and Air France, KLM, Delta and Virgin Atlantic will combine transatlantic joint ventures (notified Jan. 8/deadline Feb. 12)
-- Japanese trading and investing company Sumitomo Corp. 8053.T to acquire joint control of Mahindra Summit Agriscience Ltd. with original sole owner Mahindra Agri Solutions Ltd. (notified Jan. 8/deadline Feb. 12/simplified)
FEB 13 -- Singapore's Sivantos and Denmark's Widex to create a hearing aid and hearing accessory manufacturing and supply joint venture (notified Jan. 9/deadline Feb. 13)
-- IRCP and Diamond Transmission Corporation Ltd. to have joint control of joint venture Diamond Transmission Partners (notified Jan. 9/deadline Feb. 13/simplified)
-- Swedish shipping company Stena Rederi to create short-sea transport services joint venture with German logistics company Glovis Europe (notified Jan. 9/deadline Feb. 13/simplified)
-- Japan's JERA, Australia's Macquarie, Ørsted and Taiwanese Swancor to jointly control holding company Formosa 1 to develop and construct an offshore windfarm in Taiwan (notified Jan. 9/deadline Feb. 13/simplified)
FEB 14 -- Investment manager Infrared, Allianz ALVG.DE and independent fund management company DIF to acquire joint control of holding company Daiwater Investment Ltd. (notified Jan. 10/deadline Feb. 14/simplified)
-- OMERS Infrastructure and communications company Altice France to acquire joint control over French fiber network business SFR FTTH (notified Jan. 10/deadline Feb. 14/simplified)
FEB 15 -- Ontario Teachers' Pension Plan Board and Madison Dearborn Partners, LLC to acquire joint control over mobile-tracking technology firm Fleet Complete (notified Jan. 11/deadline Feb. 15/simplified)
-- Italy's Società Cattolica di Assicurazione – Società cooperativa and France's Inter Mutelles Assistance S.A. to acquire joint control over Italian non-life insurance and non-life reinsurance company IMA Italia Assistance S.p.A. and IMA Servizi S.c. a r.l. (notified Jan. 11/deadline Feb. 15/simplified
FEB 18 -- Siemens SIEGn.DE and Alstom ALSO.PA to merge their railway operations (notified June 8/deadline extended to Feb. 18 from Jan. 28 after the companies offered concessions)
-- Korea's climate control systems company Hanon 018880.KS to acquire part of Magna's cooling and pump technology company Rotor (notified Jan. 14/deadline Feb. 18/simplified)
-- U.S.-established Ares Management Corp. ARES.N and energy company Electricité de France SA EDF.PA to acquire joint control over a Duesseldorf office complex owned by an IKB AG subsidiary (notified Jan. 14/deadline Feb. 18/simplified)
-- Triton to acquire sole control of online tour operator Sunweb (notified Jan. 14/deadline Feb. 18/simplified)
FEB 19 -- Japanese technology group NEC 6701.T to acquire sole control of Danish IT company KMD Holding (notified Jan. 15/deadline Feb. 19/simplified)
FEB 20 -- German brewers Radeberger and Veltins to set up a joint venture to distribute and sell their beers (notified Jan. 16/deadline Feb. 20/simplified)
-- Mitsubishi Heavy Industries and Danfoss to take joint control of Edinburgh-based hydraulics technology firm Artemis Intelligent Power (notified Jan. 16/deadline Feb. 20/simplified)
FEB 21 -- Automotive parts manufacturer Financiere SNOP Dunois S.A. to acquire sole control of peer Tower Automotive Holdings Europe (notified Jan. 17/deadline Feb. 21/simplified)
-- Caise des depots et consignations and a unit of Swiss Life REIM to jointly buy a buidling in Bracon, France (notified Jan. 17/deadline Feb. 21/simplified)
-- A consortium led by China’s Anta Sports 2020.HK to acquire Finland’s Amer Sports AMEAS.HE (notified Jan. 17/deadline Feb. 21/simplified)
FEB 22 --Swiss insurance company Swiss Life Holding and English private equity firm Montagu Private Equity to indirectly acquire joint control over an already leased Munich office building through an asset deal (notified Jan. 18/deadline Feb. 22/simplified)
MAR 26 --- Germany's Thyssenkrupp TKAG.DE and India's Tata Steel TISC.NS to set up a steel joint venture (notified Sept. 25/deadline extended to March 26 from March 19 after the companies asked for more time)
APRIL 15 -- Electronic and motor manufacturing company Nidec 6594.T to acquire sole control of U.S. white goods maker Whirlpool Corp's WHR.N compressor subsidiary Embraco (notified Oct. 8/deadline extended to April 15 from Nov. 28 after the European Commission opened an in-depth investigation)
APRIL 16 -- Steel company Aperam APAM.AS to acquire Netherlands producer of materials from nickel and nickel alloy VDM Metals Holding (notified Oct. 23/deadline extended to April 16 from Nov. 29 after the European Commission opened an in-depth investigation)
MAY 2 -- UK mobile telephony provider Vodafone VOD.L to acquire U.S. Liberty Global's LBTYA.O telecommunications business in the Czech Republic, Germany, Hungary and Romania (notified Oct. 19/deadline Nov. 27/deadline extended to May 2 after the European Commission opened an in-depth investigation)
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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1 | 5741 | 14.040 |
Price($) | Vol. | No. |
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