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EU mergers and takeovers (Jan 11)
BRUSSELS |
BRUSSELS Jan 11 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:
APPROVALS AND WITHDRAWALS
None
NEW LISTINGS
None
EXTENSIONS AND OTHER CHANGES
None
FIRST-STAGE REVIEWS BY DEADLINE
JAN 14
-- Alpha Bank, Eurobank EFG Private Bank (Luxembourg) SA and Bank of Cyprus Public Co Ltd to acquire shopping mall operator Liberty Center SRL (notified Nov. 28/deadline Jan. 14/simplified)
JAN 16
-- Hedge fund Strategic Value Partners to buy German plastic films group Kloeckner Pentaplast from private equity firm Blackstone Group LP (notified Nov. 30/deadline Jan. 16)
JAN 18
-- Polish chemicals company Azoty Tarnow to buy Polish fertiliser and chemicals producer Zaklady Azotowe Pulawy (notified Dec. 4/deadline Jan. 18)
JAN 22
-- Irish credit institution Elavon Financial Services Ltd, which is a subsidiary of U.S. bank Bancorp, and Spanish bank Banco Santander to set up a joint venture (notified Dec. 6/deadline Jan. 22/simplified)
JAN 23
-- Private investor firm Apollo to acquire control of watch retailer Aurum Holdings (notified Dec. 7/deadline Jan. 23/simplified)
JAN 28
-- Private investment firm Vitronet Investments, which is jointly controlled by German utility RWE and Luxembourg-based Aesop S.a.r.l, to acquire German information services provider Infinity (notified Dec. 12/deadline Jan. 28/simplified)
JAN 29
-- Investment bank Goldman Sachs, TPG LundyCo L.P. and British bank Barclays to jointly acquire British hotel operator Kew Green (notified Dec. 13/deadline Jan. 29/simplified)
JAN 30
-- Japanese car parts company Yazaki Europe to acquire sole control of car electrical distribution systems maker S-Y Systems Technologies Europe, which jointly controlled by Yazaki and Continental Automotive GmbH (notified Dec. 14/deadline Jan. 30/simplified)
JAN 31
-- Austria's EVN Netz GmbH, Austrian pipeline operator Fergnas Netz and gas network Gasnetz Steiermark to acquire a stake in Austrian Gas Grid Management (notified Dec. 17/deadline Jan. 31/simplified)
FEB 5
-- U.S. mail delivery company United Parcel Service Inc to acquire Dutch peer TNT Express (notified June 15/deadline extended for the fifth time to Feb. 5 from Jan. 15 after UPS offered commitments)
-- German private equity group Droege International to take control of German technology company ALSO-Actebis (notified Dec. 21/deadline Feb. 5)
FEB 6
-- German service company BayWa AG to acquire a 60 percent stake in German agricultural wholesaler and retailer Bohnhorst Agrarhandel (notified Dec. 21/deadline Feb. 6)
FEB 7
-- U.S. clothing firm PVH to acquire clothing company Warnaco (notified Jan. 3/deadline Feb. 7)
-- Japanese conglomerate Mitsui to acquire part of American car dealer Penske Automotive Group's Italian subsidiary PAG Italy S.r.l. (notified Jan. 3/deadline Feb. 7/simplified)
-- French public financial group CDC to set up a joint venture with French computer firm Bull focused on cloud computing (notified Jan. 3/deadline Feb. 7/simplified)
-- Japan's Mitsubishi Corporation and Mitsubishi Electric Corporation to acquire joint control of MELCO Elevator Vietnam Co. Ltd. (notified Jan. 3/deadline Feb. 7/simplified)
FEB 11
-- French financial group PAI Partners to take control over French industrial supplier Industrial Parts Holding (IPH)(notified Jan. 7/deadline Feb. 11)
FEB 27
-- Ryanair to acquire Aer Lingus (notified July 24/deadline extended for the third time to Feb. 27 from Feb. 6 after Ryanair offered more commitments)
MAY 15
-- U.S. communications company Syniverse Technologies to buy Luxembourg-based communications services company Mach (notified Nov. 16/deadline May 5 extended from Dec. 21 for phase II investigation)
GUIDE TO EU MERGER PROCESS
DEADLINES:
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.
SIMPLIFIED:
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. (Editing by Foo Yun Chee)
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