August 5, 2015 / 12:05 PM / 3 years ago

EU mergers and takeovers (Aug 5)

BRUSSELS, Aug 5 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:


— NH Hotel Group SA and HNA Hospitality Group Co Ltd to set up a joint venture which will operate mainly in China (approved Aug. 4)

— U.S. drugmaker Pfizer to acquire U.S. peer Hospira (approved Aug. 4)

— Spanish cars part maker Grupo Antolin to acquire auto parts maker Magna Interiors from Canadian car parts maker Magna International Inc (approved Aug. 4)


— Austrian bank Raiffeisen Zentralbank Osterreich to acquire sole control of Austrian pension fund Valida Holding (notified Aug. 3/deadline Sept. 7/simplified)

— Private equity firm 3i Group and Australia’s AMP Capital Investors to jointly acquire emergency services provider ESVAGT A/S (notified July 31/deadline Sept. 4/simplified)





— Asset manager BlackRock and private equity firm First Reserve Management to acquire joint control of a joint venture building a gas pipeline in Mexico, in which GDF Suez holds a stake (notified June 30/deadline Aug. 5/simplified)


— Swiss travel retailer Dufry to acquire Italian peer World Duty Free (notified July 1/deadline Aug 6)

AUG 10

— Private equity firm Lone Star Fund IX to acquire textile floor coverings producer Balta (notified July 3/deadline Aug. 10/simplified)

AUG 13

— Swiss bakery products maker Aryzta to acquire 49 percent of frozen food retailer Picard Groupe (notified July 8/deadline Aug. 13)

AUG 17

— Investment fund Canada Pension Plan Investment Board (CPPIB) and real estate investment trust Intu Holding S.a.r.l. to indirectly acquire a joint controlling stake in Spanish shopping mall Puerto Venecia Investments SOCIMI S.A. (notified July 10/deadline Aug. 17/simplified)

— Private equity firm CVC to acquire theatre producer Stage Entertainment (notified July 10/deadline Aug. 17/simplified)

— Spanish energy company Repsol and Mexican industrial group Grupo Kuo to expand their joint venture Dynasol (notified July 10/deadline Aug. 17/simplified)

— Investment bank Goldman Sachs and Altor to jointly acquire soy-based protein solutions maker Hamlet Protein (notified July 10/deadline Aug. 17)

AUG 18

— U.S. staffing company ManpowerGroup Inc to acquire German peer 7S Group (notified July 13/deadline Aug. 18/simplified)

AUG 19

— French companies Groupe In Vivo and Groupe Scael to set up a joint venture (notified July 14/deadline Aug. 19/simplified)

— Fuel supplier World Fuel Services Corp to acquire businesses divested by BP Plc (notified July 14/deadline Aug. 19/simplified)

AUG 20

— Dutch building materials distributor PontMeyer, which is part of Deli Building Supplies B.V., to acquire Dutch holding company DBS (notified July 15/deadline Aug. 20)

AUG 24

— Volkswagen Financial Services, which is part of German carmaker Volkswagen, and Spanish lender Banco Bilbao Vizcaya Argentaria to set up a joint venture called Volkswagen Credit Compania Financiera (notified July 17/deadliine Aug. 24/simplified)

— Funds advised by Apax Partners LLP to acquire online retailer RFS (notified July 17/deadline Aug. 24/simplified)

— Real estate services firm CBRE Group Inc to buy Johnson Controls Inc’s workplace solutions business (notified July 17/deadline Aug. 24/simplified)

— Magyar Telekom, 59 percent owned by Deutsche Telekom, to form a joint venture with Swiss-based energy sales and trading group MET Holding AG (notified July 17/deadline Aug. 24)

AUG 26

— Italian confectionery maker Ferrero to purchase British chocolate retailer Thornstons (notified July 22/deadline Aug. 26/simplified)

— U.S. drugmaker Perrigo to buy portfolio of over-the-counter brands form British peer GlaxoSmithKline (notified July 22/deadline Aug. 26)

— Varo Energy, a joint venture between the world’s top oil trader Vitol and private equity firm Carlyle Group , is expanding its reach in Europe through a merger with Dutch-based storage and trading company Argos (notified July 22/ deadline Aug. 26)

AUG 28

— U.S. real estate services provider DTZ to acquire U.S. peer Cushman & Wakefield (notified July 24/deadline Aug. 28)


— British engineering company GKN to acquire Dutch company Fokker Technologies (notified July 28/deadline Sept. 1/simplified)

— British support services provider DCC Group to acquire French gas company Butagaz from Anglo Dutch oil company Royal Dutch Shell (notified July 28/deadline Sept. 1/simplified)

— Archer Daniels Midland Co to acquire starch producer Eaststarch (notified July 28/deadline Sept. 1/simplified)


— Anglo-Dutch oil major Royal Dutch Shell to acquire BG Group (notified July 29/deadline Sept. 2)

— South African paper maker Mondi to acquire some assets from portfolio company Walki (notified July 29/deadline Sept. 2)

— Norwegian telecoms company Telenor and Swedish peer TeliaSonera to combine their Danish mobile businesses (notified Feb. 27/deadline extended to Sept. 2 from Aug. 19 after the companies asked for more time)


— Mahindra World City Developers and Japan’s Sumitomo Corp to set up a joint venture (notified Aug. 3/deadline Sept. 7/simplified)


— U.S. conglomerate General Electric to acquire most of French engineering group Alstom’s power equipment business (notified Jan. 19/deadline extended for third time to Sept. 11 from Aug. 21)


— Dutch chipmaker NXP to acquire U.S. peer Freescale (notified July 31, deadline extended to Sept. 18 from Sept. 4 after NXP offered concessions)

NOV 25

— U.S. drinks can maker Ball Corp to acquire British rival Rexam Plc (notified June 15/deadline extended to Nov. 25 from July 20 after Commission opened in-depth investigation)


— U.S. packages delivery company FedEx to acquire Dutch peer TNT (notified July /deadline extended to Dec. 8 from Aug. 3 after the European Commission opened an in-depth investigation)


— Oilfield services provider Halliburton to buy rival Baker Hughes in a stock and cash transaction (notified July 23/deadline suspended after the companies provided insufficient information)

— 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)


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 Foo Yun Chee)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below