September 20, 2016 / 3:47 PM / 2 years ago

EU mergers and takeovers (Sept 20)

BRUSSELS, Sept 20 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:


— Computer Sciences Corp to merge with Hewlett Packard Enterprise’s information technology services segment (approved Sept. 19)

— Canon Inc to acquire Toshiba Corp’s medical equipment unit (approved Sept. 19)

— UK property developer Segro and Canada’s Public Sector Pension Investment Board to jointly acquire two Dutch logistics operations (approved Sept. 19)

— Britain’s Centrica to acquire Danish energy management company Neas Engergy (approved Sept. 19)

— Private equity firms Hellman & Friedman Capital Partners and Permira to acquire joint control of U.S. software provider Genesys (approved Sept. 14)

— Valeo and Siemens to set up a joint venture (approved Sept. 14)

— UK property developer Segro and Canada’s Public Sector Pension Investment Board to jointly acquire BNP Paribas’ logistics warehouse asset in Italy (approved Sept. 14)

— Israel’s Teva Pharmaceutical Industries to acquire Allergan’s Anda distribution business (approved Sept. 13)

— Swiss bank PostFinance and infrastructure group SIX to acquire joint control of a new mobile payment system Twint (approved Sept. 13)


— German drugmaker Boehringer Ingelheim to acquire French peer Sanofi’s animal health business (notified Sept. 19/deadline Oct. 24)

— Aeroporti di Roma subsidiary Atlantia and French energy company EDF to jointly acquire airport operator Societe Aeroports de la Cote d’Azur (ACA) (notified Sept. 16/deadline Oct. 21/simplified)

— Private equity firm Cinven to acquire Italian insurer Old Mutual Wealth Italy (notified Sept. 16/deadline Oct. 21/simplified)

— German tourism company TUI AG to acquire French peer Transat France’s French and Greek tour operating units (notified Sept. 16/deadline Oct. 21)

— U.S. pulp and paper company International Paper Co to acquire Weyerhaeuser’s pulp business (notified Sept. 15/deadline Oct. 20)

— Private equity firms Blackstone and New Mountain Capital to jointly acquire software provider Ida Software (notified Sept. 15/deadline Oct. 20/simplified)

— Private equity firms Advent International and Thomas H. Lee Partners to jointly acquire pharmaceutical services provider InVentiv (notified Sept. 15/deadline Oct. 20/simplified)

— Australian logistics company Brambles and First Reserve Management L.P. to set up a joint venture (notified Sept. 13/deadline Oct. 18/simplified)





— China’s HNA Group to acquire Swiss airline catering firm Gategroup (notified Aug. 16/deadline Sept. 20)

— Agricultural commodities trader Bunge to acquire majority stake in German company Walter Rau (notified Aug. 16/deadline Sept. 20/simplified)


— Czech investor EPH and private equity group PPF Investments to buy from Sweden’s stale-owned utility Vattenfall lignite mines and power plants in Germany - Vattenfall Mining and Vattenfall Generation (notified Aug. 18/deadline Sept. 22)


— Triton Group to acquire sole control over Stromboli, holding entity of Flakt Woods (notified Aug. 19/deadline Sept. 23)

— FIH Mobile to buy from Microsoft Mobile Vietnam and other assets from Microsoft Mobile (notified Aug. 19/deadline Sept. 23)


— Deutsche Boerse and the London Stock Exchange plan to merge (notified Aug. 24/deadline Sept. 28)


— U.S. private investment firm Lindsay Goldberg to acquire Austria-based Schur Flexibles Group, a manufacturer of flexible packaging products (notified Aug. 25/deadline Sept. 29/simplified)


— Private equity firm PAI Partners to acquire Dutch holiday park operator RP Group (notified Aug. 30/deadline Oct. 4/simplified)


— Japanese carmaker Nissan Motor Co Ltd to acquire Japanese peer Mitsubishi Motors Corp (notified Aug. 31/deadline Oct. 5)


— U.S. electric component distributor Avnet to acquire British Raspberry Pi mini-computer maker Premier Farnell (notified Sept. 1/deadline Oct. 6)


— Meat processing company ABP Food Group to acquire a 50 percent stake in Irish beef producer Slaney Food (notified Sept. 2/deadline Oct. 7)

— Swedish telecoms operator Tele2 to acquire Danish peer TDC’s Swedish subsidiary TDC Sverige AB (notified Sept. 2/deadline Oct. 7)

OCT 10

— German cement producers Heidelbergcement and Schwenk to jointly acquire Mexican peer Cemex’s Croatian unit (notified Sept. 5/deadline Oct. 10)

OCT 12

— U.S. laser tools and systems maker Coherent to acquire laser developer and manufacturer Rofin-Sinar Technologies (notified Sept. 7/deadline Oct. 12)

— China National Chemical Corp (ChemChina) to acquire crop protection maker Adama Agricultural Solutions from Israel’s Discount Investment Corp (notified Sept. Sept. 7/deadline Oct. 12/simplified)

— UK property developer Segro and Canada’s Public Sector Pension Investment Board to jointly acquire a Polish logistics unit (notified Sept. 7/deadline Oct. 12/simplified)

— French jewellery retailer Thom S.A.S., which is owned by private equity firm Bridgepoint Group Ltd, to acquire Italian peer Stroili Oro S.p.A. (notified Sept. 7/deadline Oct. 12/simplified)

OCT 13

— Private equity firm BC Partners to acquire plastic products maker Keter and holding company Jardin (notified Sept. 8/deadline Oct. 13/simplified)

— Singaporean palm oil processor Wilmar to acquire commodity trader Bunge Ltd’s stake in a Vietnamese oilseed crushing business (notified Sept. 8/deadline Oct. 13/simplified)

OCT 14

— Chinese household appliances company Midea Group to acquire German industrial robot maker Kuka (notified Sept. 9/deadline Oct. 14/simplified)

— Private equity firm Clayton Dubilier & Rice and Austrian holding company WM Holding to jointly acquire French furniture retailer Decomeubles Partners SAS (notified Sept. 9/deadline Oct. 14/simplified)

— French minerals company Imerys to acquire alumina producer Alteo ARC and Alufin GmbH Tabularoxid from Alteo Holding SAS(notified Sept. 9/deadline Oct. 14)

— Indonesian waste management company GLM, Singaporean industrial company Multico, Japanese chemical producer Toray Group and Japense trading company Toyota Tsusho Corp to set up a joint venture (notified Sept. 9/deadline Oct. 14/simplified)

OCT 17

— Belgian wind energy producer Eneco Wind Belgium NV and Belgian peer Elicio NV to set up a joint venture (notified Sept. 12/deadline Oct. 17/simplified)

OCT 18

— Beijing Jianguang Asset Management Co Ltd to acquire chipmaker NXP Semiconductors’ standard prodcuts business unit Nexperia (notified Sept. 13/deadline Oct. 18/simplified)

OCT 24

— U.S. rail equipment maker Wabtec Corp to acquire French peer Faiveley Transport SA (notified April 4/deadline Oct. 24/commitments offered July 25)


— U.S. chemicals company Dow Chemical to merge with DuPont (notified June 22/deadline suspended after companies failed to provide key 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