EU mergers and takeovers (Sept 25)

Thu Sep 25, 2008 11:45am EDT
 
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BRUSSELS, Sept 25 (Reuters) - The following are proposed mergers, acquisitions and joint ventures under review by the European Commission, and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS:

-- Arques Industries AG (AQUG.DE) of Germany to acquire all of SHC, currently controlled by Germany's Siemens (SIEGn.DE) (approved Sept. 25)

-- German carmaker Volkswagen AG (VOWG.DE) acquires control of all of Volkswagen Group Ireland Ltd (approved Sept. 25)

NEW LISTINGS:

-- Spain's Aegon Spanje, controlled by Dutch insurer Aegon (AEGN.AS), and Caixa Terrassa, a Spanish banking and insurance company, acquire joint control of the latter's insurance and pension product subsidiary CaixaTerrassa Vida (notified Sept. 22/deadline Oct. 27/simplified)

-- South Korean automaker Hyundai Motor Co (005380.KS) acquires control of the whole of Hyundai Automobili Italia Importazioni SpA (HAII), a distributor of Hyundai vehicles in Italy, by way of contribution in kind to a new Italian company, Newco, whose share capital will be fully owned by HAII (notified Sept. 19/deadline Oct. 24/simplified)

EXTENSIONS AND OTHER CHANGES:

None

FIRST-STAGE REVIEWS BY DEADLINE:

SEPT 30

-- U.S. real estate investor and manager MSREF VI Morgan Stanley and UK hotel management company IHG buy seven InterContinental-branded hotels located in the EU; MSREF buys Crowne Plaza Wiesbaden Hotel (notified Aug. 26/deadline Sept. 30/simplified)

-- French undertaking RTB Pharma, belonging to the Phoenix Group, enters into a full merger with 14 agencies for pharmaceutical wholesale in France (notified Aug. 26/deadline Sept. 30/simplified)  Continued...

 

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