EU mergers and takeovers (Oct 27)

Tue Oct 27, 2009 12:00pm EDT
 
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BRUSSELS, Oct 27 (Reuters) - The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS:

-- Belgian telecoms operator Belgacom (BCOM.BR) acquires Belgacom International Carrier Services SA (BICS), a global provider of voice, data and value-added telecoms services. These include services currently carried out by BICS as a joint venture between Belgacom and Swisscom Belgium SA (SCMN.VX) and international wholesale telecommunications activities MTN-ICS, which will be acquired from MTN Dubai Ltd (MTNJ.J) as a result of the transaction (approved Oct. 27)

-- U.S. soft drink maker Pepsico Inc (PEP.N) acquires control of bottling company PepsiCo Bottling Group (PBG.N), which operates bottling units mostly in the United States, Mexico, Canada, Spain, Greece and Turkey (approved Oct. 27)

-- U.S. soft drink maker Pepsico Inc (PEP.N) acquires control of Pepsi Americas (PAS.N), which mostly bottles Pepsico beverages with operations in the United States, Central and Eastern Europe and Central America (approved Oct. 27)

-- British defence contractor BAE Systems (BAES.L) takes control of counterpart BVT Surface Fleet Ltd, currently controlled jointly by BAE Systems and VT Group Plc (approved Oct. 27)

-- Abu Dhabi state-owned International Petroleum Investment Co (IPIC) and Austrian oil and gas group OMV Aktiengesellschaft (OMVV.VI) to acquire joint control of Canadian chemical and energy products maker Nova Chemicals Corp (approved Oct. 27)

NEW LISTINGS:

-- Spain's Santander Consumer Finance SA, controlled by financial services group Banco Santander SA (SAN.MC), takes control of Poland's retails banking and credit and insurance brokerage firms AIG Bank Polska SA and AIG Credit SA (notified Oct. 16/deadline Nov. 23/simplified)

EXTENSIONS AND OTHER CHANGES:

None

FIRST-STAGE REVIEWS BY DEADLINE:  Continued...

 

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