September 21, 2018 / 3:40 PM / 2 months ago

EU mergers and takeovers (Sept 21)

BRUSSELS, Sept 21 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

— Goldman Sachs and Japanese financial services group Orix Corp to acquire shares in Japanese pharmaceutical company ILS Inc (approved Oct. 20)

NEW LISTINGS

— U.S. private equity investor Bain Capital Private Equity to buy UK insurance service company esure Group (notified Sept. 20/deadline Oct. 25/simplified)

EXTENSIONS AND OTHER CHANGES

— Norwegian aluminium maker Norsk Hydro to acquire some of Anglo-Australian mining company Rio Tinto’s aluminium production assets (notified Aug. 17/deadline Sept. 21/withdrawn Sept. 14)

FIRST-STAGE REVIEWS BY DEADLINE

SEPT 25

— German alphalt maker Deutsche Asphalt, which is a subsidiary of Austrian construction company Strabag, and German road construction company Bunte to set up a joint venture (notified Aug. 21/deadline Sept. 25/simplified)

SEPT 27

— U.S. planemaker Boeing and French aerospace company Safran to set up a joint venture to make and service aircraft auxiliary power units (notified Aug. 23/deadline Sept. 27)

SEPT 28

— Private equity firm KKR and French telecoms provider Altice to acquire joint control of Altice’s French subsidiary SFR Filiale (notified Aug. 24/deadline Sept. 28/simplified)

OCT 1

— Private equity firm EQT Fund Management to acquire Luxembourg specialty chemicals and food ingredients distributor Azelis (notified Aug. 27/deadline Oct. 1/simplified)

OCT 3

— U.S. plane maker Boeing to acquire aerospace parts company KLX (notified Aug. 29/deadline Oct. 3)

OCT 4

— Private equity fund Lone Star to acquire French company Imerys’ roof tiles business (notified Aug. 30/deadline Oct. 4/simplified)

— German project group Steag and German engineering company Siemens take joint control of a power plan in Herne, western Germany (notified Aug. 30/deadline Oct. 4)

— Germany’s Vossloh and Austria’s Rhomberg Sersa Rail Holding to set up a railway technology joint venture (notified Aug. 30/deadline Oct. 4/simplified)

OCT 5

— Boeing and automotive seat maker Adient to form a joint venture to make airline seats (notified Aug. 31/deadline Oct. 5)

— Japanese beverages and pharmaceutical group Kirin Holdings and Japanese trading house Mitsui to acquire joint control of nutritional supplements company Thorne Holding Corp (notified Aug. 31/deadline Oct. 5/simplified)

OCT 8

— Swedish mobile operato Tele2 to acquire Swedish cable TV company Com Hem (notified Sept. 3/deadline Oct. 8)

— Chinese conglomerate CITIC Group to require a majority stake in Czech holding group European Bridge Travel, which controls travel services companies (notified Sept. 3/deadline Oct. 8/simplified)

OCT 9

— Alphabet’s Verily and ResMed to set up a joint venture (notified Sept. 4/deadline Oct. 9/simplified)

— Canadian auto parts maker Magna to acquire Italian lighting products maker Olsa (notified Sept. 4/deadline Oct. 9/simplified)

OCT 10

— U.S. investment firm KKR to acquire joint control over Singapore property website Property Guru (notified Sept. 5/deadline Oct. 10/simplified)

OCT 11

— Private investment firm SK Capital Partners to acquire U.S. specialty chemical company Schenectady International (notified Sept. 6/deadline Oct. 11)

OCT 12

— Business process services company Synnex Corp to acquire call center operator Convergys Corp (notified Sept. 7/deadline Oct. 12/simplified)

— Buy-out firm Cinven to acquire sole control of Italian insurer Generali Lebensversicherung (notified Sept. 7/deadline Oct. 12/simplified)

— German gaming and gambling company Gauselmann to take a 33 percent stake and joint control of casino operator Spielbank Mainz (notified Sept. 7/ deadline Oct. 12/simplified)

— Investment company Bregal to acquire travel firm Trendtours Touristik (notified Sept. 7/deadline Oct. 12/simplified)

OCT 15

— U.S. pet food maker Mars Petcare to acquire European veterinary business Anicura (notified Sept. 10/deadline Oct. 15)

— Qatar Petroleum to acquire a 30 percent stake in two of Exxon Mobil’s affiliates in Argentina (notified Sept. 10/deadline Oct. 15/simplified)

OCT 16

— French equity firm PAI Partners to acquire board game publisher Asmodee (notified Sept. 11/deadline Oct. 16/simplified)

— Japanese industrial gas supplier Taiyo Nippon Sanso to acquire U.S. industrial gas company Praxair’s European business (notified Sept. 11/deadline Oct. 16)

OCT 17

— Semiconductor company Broadcom to acquire technology company CA (notified Sept. 12/deadline Oct. 17/simplified)

— 3i Infrastructure and Danish pension company ATP to invest in telecoms operator Tampnet (notitied Sept. 12/deadline Oct. 17/simplified)

— Private equity company the Carlyle Group to acquire interest in U.S. broadcast services company NEP Group (notified Sept. 12/deadline Oct. 17/simplified)

OCT 18

— Morgan Stanley Infrastructure to acquire German rail logistics group VTG (notified Sept. 13/deadline Oct. 18/simplified)

OCT 19

— Italian and U.S.-based private equity firms the Carlyle Group and Investindustrial to acquire furniture maker B&B Italia and lighting companies Flos and Louis Poulsen (notified Sept. 14/deadline Oct. 19/simplified)

— German industrial gas company Messer Group and private equity group CVC to acquire certain assets from German chemical company Linde Group (notified Sept. 14/deadline Oct. 19/simplified)

— U.S. software company Microsoft Corp to buy privately held coding website GitHub Inc (notified Sept. 14/deadline Oct. 19)

— Walt Disney Co to buy the bulk of Twenty-First Century Fox Inc’s film and television assets (notified Sept. 14/deadline Oct. 19)

OCT 22

— U.S. computer and printer maker HP Inc to buy U.K.-based office equipment dealer Apogee Corp (notified Sept. 17/deadline Oct. 22)

— Private equity fund Lone Star to buy Spanish company CaixaBank’s real estate assets (notified Sept. 17/deadline Oct. 22)

— Shipping group CMA CGM to acquire shipping and logistics company Container Finance’s holdings in Multi-Link Terminals Ltd and CD Holding Oy (notified Sept. 17/deadline Oct. 22)

— U.S. aircraft parts maker Spirit Aerosystems Holdings Inc to acquire EU-based supplier Asco Industries NV (notified Sept. 17/deadline Oct. 22)

— German luxury carmakers Daimler and BMW to launch a car-sharing joint venture (notified Sept. 17/deadline Oct. 22)

OCT 23

— U.S. travel and restaurent reservation and related services company Booking Holdings Inc to buy Australian hotel metasearch site HotelsCombined (notified Sept. 18/deadline Oct. 23)

NOV 30

— Deutsche Telekom to acquire Swedish peer Tele2’s Dutch unit and merge it with its Dutch business T-Mobile Nederland (notified May 2/deadline Nov. 30 after deadline suspension ended Aug. 6)

DEC 13

— Copper company KME, which is part of Intek Group , to acquire German peer MKM Mansfelder Kupfer and Messing GmbH (notified June 4/deadline Dec. 13)

DEC 18

— German company BASF to acquire Belgian chemicals company Solvay’s worldwide polyamide business (notified May 22/deadline Dec. 18)

JAN 3

— German copper products maker Wieland-Werke to acquire German copper smelter Aurubis’ flat rolled products unit Products Schwermetall (notified June 13/deadline Jan. 3)

JAN 8

— French aerospace and defence group Thales to acquire Franco-Dutch chipmaker Gemalto (notified June 18/deadline Jan. 8)

JAN 28

— Siemens and Alstom to merge their railway operations (notified June 8/deadline Jan. 28)

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. (Reporting by Daphne Psaledakis)

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