March 23, 2016 / 4:18 PM / a year ago

EU mergers and takeovers (March 23)

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BRUSSELS, March 23 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

Approvals and Withdrawals

-- Statoil Fuel and Retail, which operates in Denmark under the Statoil brand and is controlled by Canadian company Alimentation Couche-Tard, to acquire Shell's Danish retail and wholesale fuels business (approved March 23)

-- Private equity firms Apax Partners and Neuberger Berman Acquisition LLC to jointly acquire Italian tech services provider Engineering Ingegneria Informatica SPA (approved March 23)

-- U.S. food containers maker Newell Rubbermaid to acquire Jarden, U.S. maker of Sunbeam and Coleman products maker (approved March 22)

-- U.S. private equity firms Warburg Pincus and General Atlantic to jointly acquire U.S. asset management company Pioneer U.S. (approved March 22)

New Listings

-- Japan's Sumitomo Corp to acquire a stake in Brazilian energy and logistics company Cosan SA (notified March 23/deadline May 2/simplified)

-- U.S. private equity firm Rhone Capital to acquire a controlling stake in Garda World Security which is now solely controlled by UK private equity firm Apax Partners LLP (notified March 22/deadline April 29/simplified)

Extensions and Other Changes


First-Stage Reviews by Deadline

March 30

-- CK Hutchison Holdings Ltd and Vimpelcom to merge their Italian mobile operations (notified Feb. 5/deadline extended to March 30 from March 11 after the Italian competition authority requested to take over the case)

April 1

-- British private equity firm Bridgepoint Group to acquire Polish children's apparel and toy store chain SMYK Group (notified Feb. 23/deadline April 1/simplified)

April 6

-- Global Infrastructure Partners and Canada Pension Plan Investment Board to jointly acquire some businesses from Australian freight company Asciano (notified Feb. 26/deadline April 6/simplified)

-- Worldline to acquire PaySquare from Equens (notified Feb. 26/deadline April 6)

April 7

-- Hungarian oil and gas group MOL to acquire ENI Hungaria and ENI Slovenia from Italian oil producer Eni (notified Feb. 29/deadline April 7)

-- U.S. technology consulting company Computer Sciences Corp to acquire British outsourcing company Xchanging Plc (notified Feb. 29/deadline April 7/simplified)

April 15

-- French container shipping giant CMA CGM to acquire Singaporean rival Neptune Orient Lines (notified March 8/deadline April 15)

April 19

-- Austria's Erste Group Bank and U.S. company Global Payments Inc to acquire joint control of Global Payments s.r.o. (notified March 10/deadline April 19)

April 21

-- French container shipping company CMA CGM and French conglomerate Bollore to jointly develop a container terminal in the Cameroonian port of Kribi (notified March 14/deadline April 21/simplified)

April 25

-- Belgian steel wire maker NV Bekaert SA and Ontario Teachers' Pension Plan Board to jointly control a wire rope business (notified March 16/April 25)

-- UK private equity firm EQT to acquire Swiss travel company Kuoni Travel notified March 16/deadline April 25)

April 27

-- Deutsche Bank and transport asset management company Ermewa to jointly acquire control of asset management company Akiem which is now solely controlled by Ermewa (notified March 18/deadline April 27)

May 19

-- Hutchison Whampoa to acquire Telefonica's O2 UK subsidiary (notified Sept. 11/deadline extended to May 19 from April 22 after Hutchison offered concessions)

July 12

-- Airbus Safran Launchers, a 50/50 joint venture between Airbus and Safran, to acquire sole control of satellite group Arianespace (notified on Jan. 8/deadline extended to July 12 from Feb. 26 after the Commission opened an in-depth investigation)


-- Oilfield services provider Halliburton to buy rival Baker Hughes in a stock and cash transaction (notified Nov. 27/deadline suspended as the Commission waits for the companies to provide more data)

-- SOCAR, Azerbaijan's state energy company, to buy stakes in Greek natural gas grid operator DESFA from Greek natural gas utility DEPA (notified Oct. 1/deadline suspended on Jan. 21)

Guide to Eu Merger Process


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.


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. (Compiled by Brussels newsroom)

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