Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

EU mergers and takeovers (July 20)

Published 20/07/2015, 08:53 pm
© Reuters.  EU mergers and takeovers (July 20)

BRUSSELS, July 20 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Australian drugmaker CSL CSL.AX to acquire Swiss drugmaker Novartis' NOVN.VX influenza vaccines business (approved July 17)

-- Commodities trader Cargill CARG.UL to buy rival Archer Daniels Midland Co's ADM.N global chocolate business (approved July 17)

-- Swedish insurer AMF Pensionsforsakring AB and Finnish insurer Ilmarinen Mutual Pension Insurance Company to set up a joint venture (approved July 17)

NEW LISTINGS

-- French companies Groupe In Vivo and Groupe Scael to set up a joint venture (notified July 14/deadline Aug. 19/simplified)

EXTENSIONS AND OTHER CHANGES

-- U.S. drugmaker Pfizer PFE.N to acquire U.S. peer Hospira HSP.N (notified June 15/deadline extended to Aug. 4 from July 20 after Pfizer offered concessions)

FIRST-STAGE REVIEWS BY DEADLINE

JULY 20

-- U.S. drinks can maker Ball Corp BLL.N to acquire British rival Rexam Plc REX.L (notified June 15/deadline July 20)

JULY 22

-- French building supplies company St Gobain SGOB.PA to acquire Swiss chemicals company Sika SIK.VX (notified June 16/deadline July 22)

JUNE 23

-- Private equity firm CVC Capital Partners to acquire a 65 percent stake in Dutch food and dietary supplements maker DSM DSMN.AS (notified June 17/deadline July 23)

JULY 27

-- Finnish telecoms equipment maker Nokia NOK1V.HE to acquire French peer Alcatel-Lucent ALUA.PA (notified June 19/deadline July 27)

JULY 29

-- U.S. drugmaker Mylan MYL.O to acquire U.S. peer Perrigo PRGO.N (notified June 23/deadline July 29)

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

-- U.S. company Berkshire Hathaway BRKa.N to acquire U.S. personal care and cosmetics company Procter & Gamble's PG.N Duracell battery unit (notified June 23/deadline July 29)

JULY 30

-- Schibsted Distribution and Amedia Distribution Helthjem to set up a joint venture (notified June 24/deadline July 30/simplified)

JULY 31

-- Talanx Asset Management GmbH and Norddeutsche Landesbank Girozentrale (Nord LB) to acquire joint control of alternative asset investment management company Caplantic GmbH (notified June 25/deadline July 31/simplified)

AUG 4

-- Private equity firm Cinven Capital Management to acquire biological testing services company Labco (notified June 29/deadline Aug. 4/simplified)

AUG 5

-- Asset manager BlackRock and private equity firm First Reserve Management to acquire joint control of a joint venture building a gas pipeline in Mexico, in which GDF Suez holds a stake (notified June 30/deadline Aug. 5/simplified)

-- Spanish cars part maker Grupo Antolin GASI.UL to acquire auto parts maker Magna Interiors from Canadian car parts maker Magna International Inc MG.TO (notified June 30/deadline Aug. 5)

AUG 6

-- U.S. healthcare company Danaher Corp DHR.N to acquire air and water filter maker Pall Corp PLL.N (notified July 1/deadline Aug. 6/simplified)

-- Swiss travel retailer Dufry DUFN.S to acquire Italian peer World Duty Free WDF.MI (notified July 1/deadline Aug 6)

AUG 7

-- Private equity firm CVC Capital Partners to acquire beauty products retailer Douglas Group (notified July 2/deadline Aug. 7/simplified)

-- German insurer Axa Konzern and Compugroup Medical Mobile DTL COPMa.DE to set up a joint venture (notified July 2/deadline Aug. 7/simplified)

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

AUG 10

-- Private equity firm Lone Star Fund IX to acquire textile floor coverings producer Balta (notified July 3/deadline Aug. 10/simplified)

AUG 11

-- Investment fund Apollo Management L.P. to acquire Saint-Gobain Emballage, Saint Gobain Vicasa S.A., Saint Gobain Vidros and Obale, with the group known as Verallia (notified July 6/deadline Aug. 11/simplified)

AUG 13

-- Swiss bakery products maker Aryzta ARYN.VX to acquire 49 percent of frozen food retailer Picard Groupe (notified July 8/deadline Aug. 13)

AUG 14

-- NH Hotel Group SA NHH.MC and HNA Hospitality Group Co Ltd to set up a joint venture which will operate mainly in China (notified July 9/deadline Aug. 14/simplified)

AUG 17

-- Investment fund Canada Pension Plan Investment Board (CPPIB) and real estate investment trust Intu Holding S.a.r.l. to indirectly acquire a joint controlling stake in Spanish shopping mall Puerto Venecia Investments SOCIMI S.A. (notified July 10/deadline Aug. 17/simplified)

-- Private equity firm CVC CVC.UL to acquire theatre producer Stage Entertainment (notified July 10/deadline Aug. 17/simplified)

-- Spanish energy company Repsol REP.MC and Mexican industrial group Grupo Kuo KUOB.MX to expand their joint venture Dynasol (notified July 10/deadline Aug. 17/simplified)

-- Investment bank Goldman Sachs GS.N and Altor to jointly acquire soy-based protein solutions maker Hamlet Protein (notified July 10/deadline Aug. 17)

AUG 18

-- U.S. staffing company ManpowerGroup Inc MAN.N to acquire German peer 7S Group (notified July 13/deadline Aug. 18/simplified)

AUG 19

-- Fuel supplier World Fuel Services Corp INT.N to acquire businesses divested by BP Plc BP.L (notified July 14/deadline Aug. 19/simplified)

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

AUG 20

-- Dutch building materials distributor PontMeyer, which is part of Deli Building Supplies B.V., to acquire Dutch holding company DBS (notified July 15/deadline Aug. 20)

AUG 21

-- U.S. conglomerate General Electric GE.N to acquire most of French engineering group Alstom's ALSO.PA power equipment business (notified Jan. 19/deadline extended for the third time to Aug. 21 from Aug. 6)

SEPT 2

-- Norwegian telecoms company Telenor TEL.OL and Swedish peer TeliaSonera TLSN.ST to combine their Danish mobile businesses (notified Feb. 27/deadline extended to Sept. 2 from Aug. 19 after the companies asked for more time)

SUSPENDED

-- SOCAR, Azerbaijan's state energy company, to buy stakes in Greek natural gas grid operator DESFA from Greek natural gas utility DEPA (notified Oct. 1/deadline suspended on Jan. 21)

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.