September 4, 2017 / 4:27 PM / 22 days ago

EU mergers and takeovers (Sept 4)

BRUSSELS, Sept 4 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Telecommunications infrastructure maintenance company CTDI GmbH, jointly controlled by Communication Test Design, Inc. and Deutsche Telekom AG, to acquire EMEA electronics repair business of Regenersis Services Ltd. from CTDI Inc., changing current sole control to joint control via CTDI GmbH (approved Sept. 1)

NEW LISTINGS

None

EXTENSIONS AND OTHER CHANGES

none

FIRST-STAGE REVIEWS BY DEADLINE

SEPT 11

-- Cinven Capital Management and the Canada Pension Plan Investment Board to acquire joint control of GTA Travel Holding Ltd (notified Aug. 4/deadline Sept. 11)

SEPT 14

-- Norwegian-based DNB Bank ASA and Swedish Nordea Bank AB to establish a joint venture concerning their banking activities in Estonia, Latvia and Lithuania(notified Aug. 9/deadline Sept. 14)

SEPT 15

-- Investment firm Centerbridge Partners L.P. and Enel Green Power Hellas S.A. to create a jointly controlled wind farm venture in Greece (notified Aug. 10/deadline Sept. 15/simplified)

SEPT 18

-- Private equity firms CVC and PAI Partners to acquire the rest of Spanish retailer Cortefiel (notified Aug. 11/deadline Sept. 18/simplified)

SEPT 20

-- China Investment Corporation to acquire European warehouse firm Logicor (notified Aug. 16/deadline Sept. 20/simplified)

-- Buyout group KKR to acquire Dutch car park operator Q-Park (notified Aug. 16/deadline Sept. 20/simplified)

SEPT 25

-- Germany’s Infineon Technologies and SAIC Motor to set up a joint venture (notified Aug. 21/deadline Sept. 25/simplified)

SEPT 26

-- Italian eyewear maker Luxottica and French lens manufacturer Essilor to merge in 46 bln-euro deal (notified Aug. 22/deadline Sept. 26)

-- French reinsurance company Scor to acquire MutRe, a French company involved in the reinsurance of companies’ insurance policies (notified Aug. 22/deadline Sept. 26/simplified)

SEPT 27

-- Swedish real estate company Fastighets AB Balder to buy shares in Serena Properties, jointly owned by Finnish pension fund Varma (notified Aug. 23/deadline Sept. 27/simplified)

SEPT 28

-- VCI ventures, a subsidiary of VW credit to acquire joint control of AutoGravity with DA Investments, subsidiary of Daimler (notified Aug. 24/simplified/deadline Sept. 28)

SEPT 29

-- German car parts maker Aunde Achter & Ebels GmbH and Bader GmbH and Co to set up a joint venture (notified Aug. 25/deadline Sept. 29/simplified)

-- Irish agribusiness company ABP Food Group to acquire an additional stake in Linden Foods Limited, active in the slaughtering and processing of beef and ovine animals (notified Aug. 25/deadline Sept. 29)

-- 3M to buy Johnson Controls’ safety gear unit Scott Safety for $2 billion (notified Aug. 25/deadline Sept. 29)

-- Private equity group Triton to take joint control over Dutch mechanical and electrical engineering services provider Unica Groep (notified Aug. 25/deadline Sept. 29/simplified)

-- Swiss asset manager Partners Group to buy UK software firm Civica for 1 billion pounds ($1.29 billion) (notified Aug. 25/deadline Sept. 29/simplified)

OCT 2

-- Private equity firm Bridgepoint to acquire UK property developer Miller Homes (notified Aug. 28/deadline Oct. 2/simplified)

-- Hong Kong’s CK Infrastructure Holdings Ltd and Cheung Kong Property Holdings Ltd to indirectly acquire joint control of Luxembourg-based heat and water sub-metering company the ista group (notified Aug. 28/deadline Oct. 2/simplified)

OCT 3

-- German recycling company Remondis to acquireGermany’s TSR Recyling (notified Aug. 29/deadline Oct. 3/simplified)

OCT 4

-- Italian baby care products provider Artsana to acquire sole control of baby products retailer Italian peer Prenatal Retail Group, which it now jointly controls with Giochi Preziosi (notified Aug. 30/deadline Oct. 4/simplified)

-- Japanese car parts maker Denso to acquire Japanese peer Fujitsu Ten (notified Aug. 30/deadline Oct. 4/simplified)

-- Private equity firm KKR and U.S. pharmaceutical retailer Walgreens Boots Alliance to acquire indirectly joint control of U.S. pharmaceutical services provider PharMerica (notified Aug. 30/deadline Oct. 4/simplified)

-- U.S. medical equipment supplier Becton Dickinson and Co to acquire U.S. peer C R Bard Inc (notified Aug. 30/deadline Oct. 4)

DEC 6

-- U.S. smartphone chipmaker Qualcomm to acquire Dutch company NXP Semiconductors NV (notified April 28/deadline Dec. 6)

JAN 8

-- German industrial group Bayer to acquire U.S. seeds company Monsanto (notified June 30/deadline extended to Jan. 8 2018 after Commission opened in-depth investigation)

DEADLINE SUSPENDED

-- German brake systems maker Knorr-Bremse to acquire Swedish peer Haldex (notified June 1/deadline suspended on Aug. 22)

GUIDE TO EU MERGER PROCESS

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 Foo Yun Chee)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below