July 1, 2015 / 4:48 PM / 3 years ago

EU mergers and takeovers (July 1)

BRUSSELS, July 1 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:


— British meat producer Dawn Meats to acquire a 49 percent stake in French meat producer Elivia which is wholly owned by agricultural cooperative Terrena (approved July 1)

— RTL Nederland Ventures, which is part of German publishing group Bertelsmann group, to acquire joint control of Dutch advertiser Reclamefolder nl B.V. (approved July 1)

— French shipping company CMA CGM to acquire Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG, which is a unit of the Bernhard Schulte GmbH & Co KG (approved June 29)


— 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)

— Spanish cars part maker Grupo Antolin to acquire auto parts maker Magna Interiors from Canadian car parts maker Magna International Inc (notified June 30/deadline Aug. 5)





— China National Chemical Corp to acquire Italian tyre maker Pirelli (notified May 27/deadline July 1)


— Aberdeen Infrastructure to acquire a stake in a hospital concession from Globalvia Infraestructuras (notified June 3/deadline July 8)

— Private equity firm Pamplona Capital Management to buy pet food supplier Partner in Pet Food Holdings (notified June 3/deadline July 8/simplified)

— U.S. investment company OpenGate Capital Group Europe to acquire chemicals producer Kem One Innovative Vinyls (notified June 3/deadline July 8)


— France’s Jacquet Metal Service to acquire Swiss steel group Schmolz + Bickenbach’s steel distribution business in Germany, Belgium, the Netherlands and Austria (notified June 5/deadline July 10)

— U.S. trading group Castleton Commodities International to acquire Morgan Stanley’s physical oil business (notified June 5/deadline July 10/simplified)


— Asset management company FAM, which is owned by Sweden’s Wallenberg foundations, and Luxembourg-based investment company Fanopi to acquire joint control of Swedish packaging company Nefab Packaging AB (notified June 9/deadline July 14)

— Japan’s Mitsui & Co and Holding Gonvarri, which is part of the Spanish conglomerate Gestamp to acquire joint control of Gestamp Renewable Industries, which is now solely controlled by Holding Gonvarri (notified June 9/deadline July 14/simplified)

— Private equity firm Clayton, Dubilier & Rice Group to acquire British petrol station operator Scimitar Topco Ltd (notified June 9/deadline July 14/simplified)


— British Airways-owner IAG’s to acquire Irish airline Aer Lingus (notified May 27/deadline extened to July 15 from July 1 after IAG offered concessions)


— Australian drugmaker CSL to acquire Swiss drugmaker Novartis’ influenza vaccines business (notified June 12/deadline July 17)

— U.S. private equity firm KKR plan to buy controlling stake in Ursa Insulation Holding BV from Spanish building materials group Uralita (notified June 12/deadline July 17/simplified)

— U.S. private equity firm Platinum Equity plan to buy aviation company Worldwide Flight Services Global Holding (notified June 12/deadline July 17/simplified)


— U.S. drinks can maker Ball Corp to acquire British rival Rexam Plc (notified June 15/deadline July 20)

— U.S. drugmaker Pfizer to acquire U.S. peer Hospira (notified June 15/deadline July 20)


— French building supplies company St Gobain to acquire Swiss chemicals company Sika (notified June 16/deadline July 22)

— Private equity firms Ardian France and Goldentree Asset Management to acquire joint control of do-it-yourself retailer Maxeda DIY Group (notified June 16/deadline July 22/simplified)

— Haring Central department store to acquire 50.1 percent of KS Premium Holding (notified June 16/deadline July 22/simplified)


— Meat products group Danish Crown to acquire Danish peer Tican (notified June 3/deadline extended to July 23 from July 8 after the Danish competition regulator asked to review the case)

— Private equity firm CVC Capital Partners to acquire a 65 percent stake in Dutch food and dietary supplements maker DSM (notified June 17/deadline July 23)


— Swiss supermarket chain Coop Genossenschaft and Swisscom to set up an online joint venture (notified June 19/deadline July 27/simplified)

— Finnish telecoms equipment maker Nokia to acquire French peer Alcatel-Lucent (notified June 19/deadline July 27)


— U.S. drugmaker Mylan to acquire U.S. peer Perrigo (notified June 23/deadline July 29)

— U.S. company Berkshire Hathaway to acquire U.S. personal care and cosmetics company Procter & Gamble’s Duracell battery unit (notified June 23/deadline July 29)


— Swedish insurer AMF Pensionsforsakring AB and Finnish insurer Ilmarinen Mutual Pension Insurance Company to set up a joint venture (notified June 24/deadline July 30/simplified)

— Schibsted Distribution Amedia Distribution Helthjem (notified June 24/deadline July 30/simplified)


— Commodities trader Cargill to buy rival Archer Daniels Midland Co’s global chocolate business (notified Jan. 19/deadline Aug. 6/Cargill offers concessions on May 22)

AUG 21

— U.S. conglomerate General Electric to acquire most of French engineering group Alstom’s power equipment business (notified Jan. 19/deadline extended for the third time to Aug. 21 from Aug. 6)


— 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)


— 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)

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