EU mergers and takeovers (Nov 29)

BRUSSELS, Nov 29 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:


-- The Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan Board and Mexico asset portfolio manager Promotora del Desarrollo de America Latina to jointly acquire Mexico toll road concession owner Concesionaria Autopista Guadalajara-Tepic (approved Nov. 28)

-- Brazilian pulp and paper producer Suzano Papel e Celulose to acquire Brazilian peer Fibria Celulose (approved Nov. 29)




-- Electronic and motor manufacturing company Nidec to acquire sole control of U.S. white goods maker Whirlpool Corp’s compressor subsidiary Embraco (notified Oct. 8/deadline extended to April 15 from Nov. 28 4 after the European Commission opened an in-depth investigation)

-- Steel company Aperam to acquire Netherlands producer of materials from nickel and nickel alloy VDM Metals Holding (notified Oct. 23/deadline extended to April 16 from Nov. 29 after the European Commission opened an in-depth investigation)


NOV 30

-- U.S. food, snack and beverage corporation PepsiCo to acquire all outstanding shares of Israeli-based manufacturing company SodaStream International (notified Oct. 24/deadline Nov. 30)


-- Investment fund manager CVC Capital Partners to acquire pharmaceutical company Recordati (notified Oct. 26/deadline Dec. 4)

-- Dutch DP World Investments, part of United Arab Emirates global marine terminal operator DP World Group, to acquire Danish company Unifeeder, a portfolio company of Jersey private equity house Nordic Capital (notified Oct. 26/deadline Dec. 04)


-- U.S. investment management firm Centerbridge Partners to acquire sole control over UK-based General Healthcare Group (GHG) through the indirect acquisition of shares and the amendment of governance arrangements of GHG, making Hospital Topco Limited the parent company of GHG (notified Oct. 29/deadline Dec. 5/simplified)


-- Equinor Refining Norway to acquire Danish energy trading company Danske Commodities (notified Oct. 31/deadline Dec 7/simplified)

-- German building materials company Knauf International to acquire Armstrong World Industries’ modular suspended ceilings business in the EMEA and APAC region (notified Oct. 17/deadline extended to Dec. 7 from Nov. 23 after commitments submitted)

DEC 10

-- French tire manufacturer and distributor Compagnie Generale des Etablissements Michelin to acquire sole control of Canadian tire and track manufacturer and distributor Camso Inc. and its subsidiaries (notified Nov. 5/deadline Dec. 10)

-- Insurance provider Generali CEE, subsidiary of Assicurazioni Generali, to acquire direct sole control over insurance and asset management company in Slovenia and Croatia, Adriatic Slovenica, Zavarovalna druzba and indirect control over its subsidiaries (notified Nov. 5/deadline Dec. 10)

-- ECO-INVESTMENT, Holzindustrie Maresch and Mondi Steti to launch a joint venture to construct and operate a sawmill in the Czech Republic (notified Nov. 5/deadline Dec. 10/simplified)

DEC 11

-- U.S. battery maker Energizer Holdings to acquire Spectrum Brands’ battery and portable lighting business (notified Oct. 19/deadline extended to Dec. 11 from Nov. 27 after commitments submitted)

-- Chemicals company Quaker Chemical Corp and Hinduja Group’s Houghton International to merge (notified Oct. 19/deadline extended from Nov. 27 to Dec. 11/concessions offered March 2)

-- UK mobile telephony provider Vodafone to acquire U.S. Liberty Global’s telecommunications business in the Czech Republic, Germany, Hungary and Romania (notified Oct. 19/deadline Nov. 27/deadline extended to Dec. 11 after the German cartel office asked to review part of the deal)

-- German chemicals company BASF SE and Solenis to combine their paper and water chemicals businesses, which will then be 49 percent owned by BASF and the rest by U.S. private equity investment firm Clayton, Dubilier & Rice (CD&R) (notified Nov. 6/deadline Dec. 11)

DEC 12

-- U.S. pizza restaurant operator Pizza Hut to integrate with Italian peer TelePizza (notified Nov. 7/deadline Dec. 12)

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)

-- Chinese electronic manufacturer Haier Group to acquire Italian domestic appliance manufacturer Candy S.p.A. (notified Nov. 8/deadline Dec. 13)

-- French fund Meridiam Transition and French state-owned investment fund Caisse des Depots et Consignations to acquire joint control of a holding company with a biofuel project and another in biomass (notified Nov. 8/deadline Dec. 13/simplified)

-- Portuguese CERF PL Resort, Unipessoal, Lda., controlled by Carlyle Europe Realty Fund, to acquire indirect ownership of Portuguese Penha Longa Resort which is managed by U.S. hotel chain Marriott International’s affiliate Luxury Hotels International Management Company (notified Nov. 8/deadline Dec. 13/simplified)

DEC 14

-- U.S. global supplier of driveline, sealing and thermal-management products Dana Incorporated to acquire Oerlikon’s drive systems business through the acquisition of GrazianoFairfield AG, a provider of gear, drive and shifting solutions for mobile vehicles and industrial equipment (notified Nov. 9/deadline Dec. 14/simplified)

-- European energy group MET Renewables to acquire joint control of Serbian wind farm project holder NIS Energowind together with the current shareholder, O Zone, a subsidiary of Serbian oil and energy company NIS (notified Nov. 9/deadline Dec. 14/simplified)

-- New York sustainable waste and energy solutions business Covanta Holding Corporation and specialist in green infrastructure Green Investment Group Limited to acquire a stake in wholly-owned subsidiary of Brockwell Energy Limited, Earls Gate Energy Limited in Scotland, through a jointly controlled investment vehicle (notified Nov. 9/deadline Dec. 14/simplified)

DEC 17

-- Japanese consumer electronics company Sharp Corporation to acquire TV manufacturer and distributor Skytec UMC ltd (notified Nov. 12/deadline Dec. 17/simplified)

DEC 18

-- ENGIE, Predica Prévoyance Dialogue du Crédit Agricole and Omnes Capital to acquire joint control, through FEIH, of several wind farms owned by ENGIE Green France SAS and ENGIE Green Holding SAS, wholly owned subsidiaries of ENGIE (notified Nov. 13/deadline Dec. 18/simplified)

-- German energy company E.ON, via its subsidiary E.ON Drive Infrastructure, and Finnish energy company Helen Oy to acquire joint control of Finnish e-mobility software company Liikennevirta Oy (notified Nov. 13/deadline Dec. 18/simplified)

-- Canadian holding company Fairfax Financial Holdings Limited to acquire sole control of insurance distributor in Greece and Romania, Eurolife ERB Insurance Group Holdings (notified Nov. 13/deadline Dec. 18/simplified)

DEC 19

-- Santander Consumer Bank AG and Hyundai Capital Services to set up a joint venture to offer loans and leases for automobiles (notified Nov. 14/deadline Dec. 19/simplified)

DEC 20

-- U.S. asset manager the Carlyle Group to acquire U.S. aviation investment manager Apollo Aviation Holdings Ltd (notified Nov. 15/deadline Dec. 20/simplified)

-- Packaging companies Amcor Limited, Arctic Jersey Limited, Arctic Corporation and Bemis, Amcor and Bemis to combine through a merger of Bemis, Amcor and Bemis into New Holdco (notified Nov. 15/deadline Dec. 20)

DEC 21

-- CP VII, a fund managed by global alternative asset manager Carlyle, to acquire risk management services provider Sedgwick (notified Nov. 16/deadline Dec. 21)

-- New York private investment firm Cerberus Group to acquire UK creative brand merchandising solutions company Marke Creative Merchandise (notified Nov. 16/deadline Dec. 21/simplified)

-- Investment manager CVC Capital Partners and financial company Mitsubishi UFJ Financial Group to acquire title loan provider for the underbanked segment of Thai consumers, Ngern Tid Lor Company Limited together with its direct and indirect subsidiaries (notified Nov. 16/deadline Dec. 21/simplified)

-- French energy company Engie to acquire joint control of Windplus with utility company EDP Renewables and energy company Repsol Nuevas Energias (notified Nov. 16/deadline Dec. 21/simplified)

-- Investment company BC European Capital X to acquire indirect sole control of South East Europe telecoms and media provider United Group (notified Nov. 16/deadline Dec. 21)

-- Nordic investment and asset management company CapMan Group of companies and Korean asset management company NH-Amundi Asset Management to acquire 50 percent of shares of an onshore wind farm in Sweden from sole controller Green Investment Group Limited (notified Nov. 16/deadline Dec. 21/simplified)


-- Japanese car maker Toyota Motor Corp and Monet Technologies Corporation, jointly controlled by Japanese SoftBank Corporation, to set up a Japanese software platform joint venture (notified Nov. 19/deadline Jan. 3/simplified)

-- Japanese steel trading company Metal One Corp, a subsidiary of Mitsubishi Corp, and trading and investment company Sumitomo Corporation to acquire joint control of Metal One Pipe & Tubular Products Inc., a subsidiary of Metal One (notified Nov. 19/deadling Jan. 3/simplified)


-- U.S. soft drinks company Coca-Cola Co to acquire coffee chain Costa (notified Nov. 20/deadline Jan. 4)


-- Japanese industrial company MinebeaMitsumi to acquire Japanese peer U-Shin (notified Nov. 22/deadline Jan. 8/simplified)

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


-- Autolaunch and Beijing Automotive Group subsidiary Beijing Electric Vehicle Co to set up a joint venture (notified Nov. 23/deadline Jan. 9/simplified)

-- China Reinsurance Group Corp to acquire insurer Chaucer from U.S. insurer Hanover Insurance Group (notified Nov. 23/deadline Jan. 9/simplified)

JAN 10

-- Turkish pension fund OYAK to acquire Portuguese cement producer Cimpor (notified Nov. 26/deadline Jan. 10/simplified)

-- Qatari Diar Real Estate Investment Company Q.P.S.C., a subsidiary of the Qatar Investment Authority, will acquire joint control alongside DV4 Limited, Oxford Jersey Holding Company Limited and Stichting Depositary APG Strategic Real Estate Pool over an existing UK real estate undertaking (notified Nov. 26/deadline Jan. 10/simplified)

-- Private investment manager Apollo Management to acquire Bermuda insurance company Aspen Insurance Holdings Limited (notified Nov. 26/deadline Jan. 10/simplified)

JAN 11

-- Japanese trading company Sumitomo Corp and Japan’s Toyota Motor Corp to launch a Japanese full-function joint venture, MOBILOTS Corp, to supply financing for vehicles (notified Nov. 27/deadline Jan. 11/simplified)

-- Japanese trading company Sumitomo Corp and Japanese Toyota Motor Corp to launch a Japanese full-function joint venture, KINTO Corp, to supply mobility services (notified Nov. 27/deadline Jan. 11/simplified)

JAN 17

-- German copper products maker Wieland-Werke to acquire German copper smelter Aurubis’ flat rolled products unit Products Schwermetall (notified June 13/deadline Jan. 17)

JAN 25

-- German company BASF to acquire Belgian chemicals company Solvay’s worldwide polyamide business (notified May 22/deadline Jan. 25/cocnessions offered on Oct. 15)

JAN 28

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

MAR 26

--- Tata Steel Limited and ThyssenKrupp AG to create a joint venture which will combine their European flat carbon steel businesses and the steel mill services business of the ThyssenKrupp (Germany’s Thyssenkrupp TKAG.DE and India’s Tata Steel TISC.NS to set up a steel joint venture (notified Sept. 25/deadline extended to March 26 from March 19 after the companies asked for more time)



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. (Reporting by Daphne Psaledakis)