November 9, 2015 / 4:59 PM / 3 years ago

EU mergers and takeovers (Nov 9)

BRUSSELS, Nov 9 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:


— Coca-Cola Enterprises, Coca-Cola Iberian Partners, German bottler Coca-Cola Erfrischungsgetraenke AG and Icelandic bottler Vífilfell hf to merge (approved Nov. 6)

— Japanese steel producer Marubeni-Itochu Steel and Sumitomo Corp to combined their domestic Japanese steel building materials businesses (approved Nov. 6)

— Swiss insurer ACE to acquire U.S. peer Chubb (approved Nov. 6)

— Insurance broker Willis Group to acquire financial management services provider Towers Watson & Co (approved Nov. 6)


— Private equity firm KKR to acquire Swiss-based vending machine operator Selecta (notified Nov. 6/deadline Dec. 11/simplified)

— Private equity firm LetterOne Holdings to acquire German energy company E.ON’s oil and gas assets in the Norwegian North Sea (notified Nov. 6/deadline Dec. 11/simplified)

— Trading company Gunvor Group to acquire refinery operator Kuwait Petroleum Europoort (notified Nov. 6/deadline Dec. 11/simplified)

— Swiss Re to acquire Guardian Financial Services (notified Nov. 6/deadline Dec. 11/simplified)

— Canadian auto parts maker Linamar to acquire French peer Montupet (notified Nov. 6/deadline Dec. 12)

— German dairy producer DMK Deutsches Milchkontor GmbH to acquire Dutch cheese producer DOC Kaas B.V. (notified Nov. 5/deadline Dec. 10)

— Austrian home improvement chain OBI to acquire some retail sites from Austrian peer BauMax (notified Nov. 4/deadline Dec. 9)


— Hutchison Whampoa to acquire Telefonica’s O2 UK subsidiary (notified Sept. 11/deadline extended for the fourth time to April 18 from March 16 after Hutchison asked for more time)

— U.S. industrial group Honeywell to acquire the Elster utility consumption metering business of British company Melrose Industries Plc (notified Oct. 9/deadline Nov. 16/filing withdrawn Nov. 3)


NOV 13

— U.S. data center operator Equinix to acquire British peer Telecity Group (notified Sept. 24/deadline extended to Nov. 13 from Oct. 29 after Equinix offered concessions)

NOV 16

— BT Pension Scheme and Canada Pension Plan Investment Board to acquire a London property (notified Oct. 9/deadline Nov. 16/simplified)

NOV 18

— Belgian chemical group Solvay to acquire U.S. peer Cytec (notified Oct. 13/deadline Nov. 18)

NOV 20

— China’s HNA Group to acquire Swiss air cargo handler Swissport International (notified Oct. 15/deadline Nov. 20)

NOV 23

— U.S. chipmaker Avago Technologies to acquire U.S. peer Broadcom Corp (notified Oct. 2/deadline extended to Nov. 23 from Nov. 9 after Avago offered concessions)

— Finland’s Fortum and Lithuanian state-owned energy group Lietuvos Energija to set up a joint venture (notified Oct. 16/deadline Nov. 23)

— Apollo Capital Management and hotel management company Redefine BDL Hotels UK Ltd to acquire joint control of British hotel operator LRG Finance (notified Oct. 16/deadline Nov. 23/simplified)

NOV 26

— Bain Capital Investors to acquire car parts distributor Autodistribution Group (notified Oct. 21/deadline Nov. 26/simplified)

NOV 27

— Panasonic Healthcare, which is backed by private equity firm KKR, and Japan’s Panasonic Corp, to acquire Bayer’s diabetes care business (notified Oct. 22/deadline Nov. 27)

NOV 30

— Austrian insurer Generali Holding Vienna’s Generali Pensionskasse AG subsidiary and Zürich Versicherungs-Aktiengesellschaft’s BONUS Pensionskassen unit to merge (notified Oct. 23/deadline Nov. 30/simplified)

— Canadian car parts supplier Magna International to acquire car parts maker Stadco Automotive Ltd (notified Oct. 23/deadline Nov. 30/simplified)

— The Carlyle Group to acquire PA Consulting (notified Oct. 23/deadline Nov. 30/simplified)


— Swiss chemicals company Ineos to acquire UK North Sea gas fields from the DEA Group (notified Oct. 26/deadline Dec. 1/simplified)


— French supermarket chain Carrefour to acquire French electronic products retailer Rue du Commerce (notified Oct. 28/deadline Dec. 3/simplified)


— U.S. fertiliser maker CF Industries Holdings to acquire OCI NV’s North American and European plants (notified Oct. 30/deadline Dec. 7)

— French investment company Ardian France to acquire food ingredient maker Solina (notified Oct. 30/deadline Dec. 7/simplified)

— Enel Green Power and asset management company F2I to set up a joint venture (notified Oct. 30/deadline Dec. 7)

— German carmaker BMW and heating and refrigeration systems maker Viessmann to set up Digital Energy Solutions GmbH (notified Oct. 30/deadline Dec. 7/simplified)

— Investment firm Oaktree Capital Group, Swedish builder Skanska and hotel operator Starwood Hotels & Resorts Worldwide to acquire Polish hotel operator Hotel Atrium (notified Oct. 30/deadline Dec. 7/simplified)


— Swedish state utility Vattenfall and GDF Suez Energie Deutschland AG to to set up a consortium (notified Nov. 3/deadline Dec. 8)

— U.S. conglomerate Koch Industries and BDT Capital Partners to acquire joint control of U.S. lighting maker Truck-Lite (notified Nov. 3/deadline Dec. 8/simplified)

DEC 10

— Spanish bank Banco Santander and private equity firm Pai Partners to jointly control Grupo Konectanet (notified Nov. 5/deadline Dec. 10/simplified)

DEC 23

— U.S. drinks can maker Ball Corp to acquire British rival Rexam Plc (notified June 15/deadline extended for the second time to Dec. 23 from Dec. 9)

JAN 13

— U.S. packages delivery company FedEx to acquire Dutch peer TNT (notified July /deadline extended to Jan. 13 from Dec. 8 after the companies asked for more time)

JAN 18

— South African paper maker Mondi to acquire some assets from portfolio company Walki (notified July 29/deadline extended to Jan. 18 from Sept. 2 after the European Commission opened an in-depth investigation)

FEB 10

— U.S. office supplier Staples to acquire U.S. rival Office Depot (notified Aug. 21/deadline extended to Feb. 10 from Sept. 25 after the European Commission opened an in-depth investigation)


— Cable telecoms company Liberty Global’s Belgian subsidiary Telenet to buy mobile network operator Base from Dutch group KPN (notified Aug. 17/deadline extended to March 17 from March 3)


— 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)

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