May 23, 2017 / 4:23 PM / a year ago

EU mergers and takeovers (May 23)

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


— Australian bank Macquarie and British pension fund Universities Superannuation Scheme to acquire nine windfarms from Green Investment Bank (approved May 22)

— Investment firms Cinven Capital Management and Canada Pension Plan Investment Board to acquire joint control of Travel Holdings Parent Corporation (approved May 22)


— Japanese shippers Nippon Yusen Kabushiki Kaisha, Mitsui OSK Lines and Kawasaki Kisen Kaisha to merge their container units (notified May 19/deadline June 28)

— French oil services group TechnipFMC, German industrial gases group Linde AG and Russia’s Research and Design Institute on Gas Processing (JSC NIPIgaspererabotka) to set up a joint venture (notified May 19/deadline June 28/simplified)

— Chrysaor Holdings Ltd, which is indirectly controlled by investment company Harbour Energy, to acquire some of Shell’s offshore assets (notified May 18/deadline June 27/simplified)




MAY 29

— French EDF to acquire equipment and fuel manufacturing company Areva (notified April 18/deadline May 29)

MAY 30

— French media group Vivendi to acquire de facto sole control of Italy’s Telecom Italia (notified March 31/deadline extended to May 30 from May 12 after Vivendi offered concessions)

MAY 31

— Manufacturing and technology company General Electric’s Oil & Gas to acquire oilfield services company Baker Hughes (notified April 20/deadline May 31)


— Waste water company SGAB and Spanish infrastructure company Acciona to acquire 10 percent of Sociedad Concesionaria de la Zona Regable del Canal de Navarra (notified April 21/deadline June 1/simplified)


— German company CWS-Boco, which is part of German firm Haniel, to acquire some of British support services firm Rentokil’s workwear and hygiene units (notified April 26/deadline June 7)


— German chemicals company Evonik Industries to acquire U.S. company J.M. Huber Corp’s silica business (notified April 27/deadline June 8)


— Private equity firm Hellman & Friedman to acquire Spanish logistics platform Allfunds Bank (notified April 28/deadline June 9/simplified)

— U.S. smartphone chipmaker Qualcomm to acquire Dutch companyr NXP Semiconductors NV (notified April 28/deadline June 9)

— Chinese textiles company Shanghai Shenda to acquire International Automotive Components Group’s trim and acoustics unit business (notified April 24/deadline June 9/simplified)


— American healthcare company Johnson & Johnson to acquire Swiss biotech company Actelion (notified April 12/deadline extended to June 12 from May 24 after the companies offered concessions)

— Norwegian debt collection agency Nordic Capital, which is majority owned by Nordic Capital Fund VIII and Swedish peer firm Intrum Justitia to merge (notified April 12/deadline extended to June 12 from May 24 after the companies offered concessions)


— Private equity firms BC Partners and Pollen Street Capital Ltd to jointly acquire UK bank Shawbrook Group plc (notified May 4/deadline June 14/simplified)


— U.S. private equity firm Leonard Green & Partners and the Ontario Municipal Employees Retirement System Primary Pension Plan (OMERS) to acquire joint control of U.S. car repairs company OPE Caliber Holdings (notified May 5/deadline June 15/simplified)

— Austrian refractories materials maker RHI to acquire a controlling stake in Brazilian peer Magnesita Refratarios (notified May 5/deadline June 15)


— Investment bank Goldman Sachs and French investment company Eurazeo to jointly acquire Dominion Web Solutions (notified May 12/deadline June 21/simplified)

— French private equity company Ardian France and real estate agent Jones Lang LaSalle Inc to jointly acquire an office building in France (notified May 12/deadline June 21/simplified)

— French minerals company Imerys to acquire French calcium aluminate cements maker Kerneos (notified May 12/deadline June 21)


— German online fashion retailer Zalando and fashion company Bestseller United to set up a joint venture (notified May 15/deadline June 22/simplified)


— Private equity firms Advent International and Bain Capital Investors to jointly acquire payment services company RatePAY (notified May 17/deadline June 26/simplified)

— Private equity firm Oaktree to acquire German nursing care provider Vitanas P&W (notified May 17/deadline June 26/simplified)


— Chinese conglomerate HNA Holding Group Co to acquire Singapore-listed logistics company CWT (notified May 18/deadline June 27/simplified)

— Buyout firm Blackstone and Canada Pension Plan Investment Board (CPPIB) to acquire indirect joint control of U.S. educational content provider Ascend Learning (notified May 18/deadline June 27/simplified)


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. (Reporting by Foo Yun Chee)

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