Mother of Uber CEO killed in boating accident -newspaper
May 27 The mother of ride-hailing firm Uber's chief executive has died in a boating accident near Fresno, California on Friday, the Fresno Bee reported on Saturday.
BRUSSELS Feb 3 The following are mergers under review by the European Commission and a brief guide to the EU merger process:
APPROVALS AND WITHDRAWALS
-- Private equity firm Lloyds Development Capital, which is owned by British bank Lloyds, and Dutch mail group ptnlPostNL to acquire joint control of holding company TNT NN1 Ltd which is now solely controlled by PostNL (approved Jan. 30)
-- Singapore's sovereign wealth fund GIC to become British Land's new partner in London's Broadgate office and retail complex, buying out U.S. private equity group Blackstone for around 1.7 billion pounds ($2.8 billion) (approved Jan. 30)
-- Japan's Mitsubishi Heavy Industries and Danish wind turbine manufacturer Vestas Wind Systems A/S to set up a joint venture to carry out global sales, manufacturing, installation, research and development and maintenance of offshore wind turbine generators (approved Jan. 30)
-- U.S. private equity fund Advent International to take Dutch business software firm UNIT4 private (approved Jan. 30)
-- German vehicle importer Frey Automobil Holding Deutschland GmbH and Mitsubishi Motors Europe B.V. to acquire joint control of Mitsubishi Motors Deutschland GmbH, currently 100 percent owned by Mitsubishi Motors Europe (approved Feb. 3)
-- U.S. fuel products provider World Fuel Services Corp to buy British petroleum products distributor Watson Petroleum Ltd (notified Jan. 31/deadline March 7/simplified)
-- Russian oil producer Lukoil to acquire Italian energy company ISAB Energy S.r.l and ISAB Energy Services S.r.l. (notified Jan. 30/deadline March 6/simplified)
EXTENSIONS AND OTHER CHANGES
FIRST-STAGE REVIEWS BY DEADLINE
-- Dutch mining holding company Metinvest to indirectly acquire joint control of Ukrainian iron ore company Southern GOK by replacing one of Southern GOK's existing shareholders. It will jointly control the firm with Cypriot holding firm Lanebrook Ltd, parent of Evraz plc (notified Dec. 20/deadline Feb. 5)
-- State-controlled Finnish utility Fortum to sell its local power distribution grid to a group of institutional investors led by First State Investments and Borealis Infrastructure for 2.55 billion euros ($3.5 billion) (notified Jan. 3/deadline Feb. 7/simplified)
-- Swiss energy group Axpo to buy a 49 percent stake in a group of French wind farms from EDP Renewables France , a unit of Portuguese group Energias de Portugal (notified Jan. 8/deadline Feb. 12/simplified).
-- Japan's Mitsubishi Corp and Mitsubishi Electric Corp to acquire joint control of International Elevator & Equipment Inc., a Philippines-registered elevator company (notified Jan. 8/deadline Feb. 12/simplified).
-- Japan's Mitsubishi Corp and Mitsubishi Electric Corp to acquire joint control of Mitsubishi Elevator (Thailand) Co. Ltd, a Thailand-registered elevator company (notified Jan. 8/deadline Feb. 12/simplified).
-- Finnish steelmaker Outokumpu to sell Acciai Speciali Terni, a large Italian stainless steel mill, and specialty high-performance alloy unit VDM to ThyssenKrupp , their previous owner (notified Jan. 8/deadline Feb. 12)
-- Japanese trading company Marubeni and private equity firm INCJ to acquire joint control of AGS, a Portuguese water company (notified Jan. 8/deadline Feb. 12/simplified)
-- U.S. private equity firm JLL Partners and Dutch chemicals company DSM to set up a joint venture (notified Jan. 8/deadline Feb. 12/simplified)
-- Chesapeake Services Limited and Multi Packaging Solutions, Inc., portfolio companies of the Carlyle Group and Madison Dearborn partners respectively, to merge, creating a large print-based specialty packaging firm (notified Jan. 8/deadline Feb. 12/simplified)
-- Cintra Infraestructuras, Abertis Autopistas Espana and Itinere Infraestructuras to set up joint venture to market and distribute electronic equipment to pay on Spanish toll motorways (notified Jan. 14/deadline Feb. 18)
-- U.S. grain trader Archer Daniels Midland <ADM.N and ATR Landhandel to acquire joint control of newly founded RGL. ADM Hamburg is contributing its silo facility in the deep-sea port of Rostock to the joint venture (notified Jan. 14/deadline Feb. 18/simplified)
-- Irish building materials producer CRH Group and Luja Group to combine their concrete business in Russia (notified Jan. 16/deadline Feb. 20/simplified)
-- Qatar Petroleum International, Greek construction company GEK Terna and French gas and power utility GDF Suez to acquire joint control of Greek power plant operator Heron II which is now jointly controlled by GEK Terna and GDF Suez (notified Jan. 20/deadline Feb. 24/simplified)
-- French bank BPCE and Belgian private equity company GIMV to acquire joint control of Veolia Transport Belgium (notified Jan. 22/deadline Feb. 26/simplified)
-- Investment fund Apollo Group and Spanish financial services fund Fondo de Garantia de Depositos de Entidades de Credito to acquire joint control of air parts maker Synergy (notified Jan. 24/deadline Feb. 28/simplified)
-- U.S. food packager Crown Holdings to buy Spanish food-can maker Mivisa Envases from investment funds the Blackstone Group, N+1 Mercapital and management (notified Jan. 24/deadline Feb. 28)
-- Canadian investment fund Canada Pension Plan Investment Board to acquire joint control of Luxembourg-based property developer Parque Principado from real estate developer Intu Holding S.a.r.l (notified Jan. 24/deadline Feb. 28/simplified)
-- Publisher Aller Media AB and Swedish publisher Egmont Holding AB to acquire joint control of online publisher Mediafy, which is now controlled by publisher Bonnier Tidskrijfter (notified Jan. 28/deadline March 4)
-- U.S. chemical maker Huntsman Corp to acquire U.S. peer Rockwood Holdings's titanium dioxide pigments business (notified Jan. 29/deadline March 5)
-- Switzerland-based INEOS and Belgian chemicals company Solvay to form a joint venture (notified Sept. 16/deadline extended for the second time to March 21 from Nov. 5 after the European Commission opened an in-depth investigation)
-- Swiss cement maker Holcim to buy some of Mexican peer Cemex's assets in Europe . (notified Sept. 3/deadline extended for the second time to May 2 from March 31)
-- Hutchison 3G UK to acquire Telefonica Ireland, a unit of Spanish telecoms provider Telefonica (notified Oct. 1/deadline extended to April 24 from March 24)
-- Spanish telecoms provider Telefonica to buy Dutch peer KPN's German unit (notified Oct. 31/Commission opened in-depth probe on Dec. 20, new deadline May 14)
GUIDE TO EU MERGER PROCESS
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.
* BA latest to be hit by computer problems (Adds comment by BA's chief executive)
May 27 General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into two classes.