September 8, 2016 / 12:32 PM / 2 years ago

EU mergers and takeovers (Sept 8)

BRUSSELS, Sept 8 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:


— French oil and gas major Total to take over Lampiris, Belgium’s third-largest natural gas and renewable power vendor (approved Sept. 7)


— China National Chemical Corp (ChemChina) to acquire crop protection maker Adama Agricultural Solutions from Israel’s Discount Investment Corp (notified Sept. Sept. 7/deadline Oct. 12/simplified)

— UK property developer Segro and Canada’s Public Sector Pension Investment Board to jointly acquire a Polish logistics unit (notified Sept. 7/deadline Oct. 12/simplified)

— French jewellery retailer Thom S.A.S., which is owned by private equity firm Bridgepoint Group Ltd, to acquire Italian peer Stroili Oro S.p.A. (notified Sept. 7/deadline Oct. 12/simplified)

— German cement producers Heidelbergcement and Schwenk to jointly acquire Mexican peer Cemex’s Croatian unit (notified Sept. 5/deadline Oct. 10)





— Commodities trader Archer Daniels Midland Co and Singaporean palm oil processor Wilmar International Ltd to acquire joint control of Olenex joint venture (notified Aug. 4/deadline Sept. 9)

— Investment fund Partners Group to acquire real estate services provider Foncia Holding and its subsidiaries (notified July 4/deadline Aug. 9/simplified)


— Private equity firm First Reserve to acquire UK service provider Morrison Utility Services (notified Aug. 9/deadline Sept. 14/simplified)


— Private investment company Ardian to acquire joint control of fibre product producer Kemide and its subsidiary Kermel (notified Aug. 10/deadline Sept. 15/simplified)


— Dutch infrastructure fund DIF and French utility EDF to acquire German gas grid Thyssengas (notified Aug. 11/deadline Sept. 16)


— Canon Inc to acquire Toshiba Corp’s medical equipment unit (notified Aug. 12/deadline Sept. 19)

— A division of Chinese aviation and shipping conglomerate HNA Group to buy U.S-based Carlson Hotels Inc, owner of the Radisson hotel chain (notified Aug. 12/deadline Sept. 19


— Impulsora Del Desarrollo Y El Empleo En America Latina, S.A.B. De C.V., CPPIB and Ontario teachers’ pension plan create strategic partnership to invest in infrastructure assets in Mexico (notified Aug. 16/deadline Sept. 20/simplified)

— China’s HNA Group to acquire Swiss airline catering firm Gategroup (notified Aug. 16/deadline Sept. 20)

— Agricultural commodities trader Bunge to acquire majority stake in German company Walter Rau (notified Aug. 16/deadline Sept. 20/simplified)


— Computer Sciences Corporation to merge with Hewlett Packard Enterprise’s information technology services segment (notified Aug.18/eadline Sept. 21/simplified)


— Verlinvest and China Resources Co. to acquire joint control over Resources Verlinvest Health Investment (notified Aug.18/deadline Sept. 22/simplified)

— Czech investor EPH and private equity group PPF Investments to buy from Sweden’s stale-owned utility Vattenfall lignite mines and power plants in Germany - Vattenfall Mining and Vattenfall Generation (notified Aug. 18/deadline Sept. 22)


— Private equity firms Hellman & Friedman Capital Partners and Permira to acquire joint control of U.S. software provider Genesys (notified Aug. 19/deadline Sept. 23/simplified)

— Swiss bank PostFinance and infrastructure group SIX to acquire joint control of a new mobile payment system Twint (notified Aug.19/deadline Sept. 23/simplified)

— Israel’s Teva Pharmaceutical Industries to acquire Allergan’s Anda distribution business (notified Aug. 19/deadline Sept. 23/simplified)

— Buyout firm Hellman & Friedman, Permira Advisers and Technology Crossover Ventures to buy stake in Genesys, a U.S. provider of call centre software (notified Aug. 19/deadline Sept. 23/simplified)

— Triton Group to acquire sole control over Stromboli, holding entity of Flakt Woods (notified Aug. 19/deadline Sept. 23)

— FIH Mobile to buy from Microsoft Mobile Vietnam and other assets from Microsoft Mobile (notified Aug. 19/deadline Sept. 23)

— Valeo and Siemens to set up 50/50 joint venture (notified Aug. 19/deadline Sept. 23/simplified)


— UK property developer Segro and Canada’s Public Sector Pension Investment Board to jointly acquire BNP Paribas’ logistics warehouse asset in Italy (notified Aug. 22/deadline Sept. 26/simplified)


— UK property developer Segro and Canada’s Public Sector Pension Investment Board to jointly acquire two Dutch logistics operations (notified Aug. 24/deadline Sept. 28/simplified)

— Deutsche Boerse and the London Stock Exchange plan to merge (notified Aug. 24/deadline Sept. 28)

— Britain’s Centrica to acquire Danish energy management company Neas Engergy (notified Aug. 24/deadline Sept. 28)


— U.S. private investment firm Lindsay Goldberg to acquire Austria-based Schur Flexibles Group, a manufacturer of flexible packaging products (notified Aug. 25/deadline Sept. 29/simplified)


— Private equity firm PAI Partners to acquire Dutch holiday park operator RP Group (notified Aug. 30/deadline Oct. 4/simplified)

Oct 5

— Japanese carmaker Nissan Motor Co Ltd to acquire Japanese peer Mitsubishi Motors Corp (notified Aug. 31/deadline Oct. 5)


— U.S. electric component distributor Avnet to acquire British Raspberry Pi mini-computer maker Premier Farnell (notified Sept. 1/deadline Oct. 6)


— Meat processing company ABP Food Group to acquire a 50 percent stake in Irish beef producer Slaney Food (notified Sept. 2/deadline Oct. 7)

— Swedish telecoms operator Tele2 to acquire Danish peer TDC’s Swedish subsidiary TDC Sverige AB (notified Sept. 2/deadline Oct. 7)

OCT 24

— U.S. rail equipment maker Wabtec Corp to acquire French peer Faiveley Transport SA (notified April 4/deadline Oct. 24/commitments offered July 25)

JAN 11

— U.S. chemicals company Dow Chemical to merge with DuPont (notified June 22/deadline extended to Jan. 11 from Dec. 20 after the companies asked for more time)


— 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)


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. (Compiled by Foo Yun Chee)

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