Sunday, November 13, 2016

mergers and EU takeovers (March 31) Reuters_1

LSE scuppers fusion Deutsche Börse hopes



Brussels, March 31 The following are mergers under review by the European Commission and a brief guide to the EU merger process.
- Private equity firm Partners Group to acquire the European operator of clinical pathology laboratory operator Cerba Healthcare PAI Partners approved March 31.
- German synthetic rubber manufacturer LANXESS AG to acquire U S specialized chemical company Chemtura notified Feb. 24 deadline of March 31.
- U computer and printer manufacturer Hewlett Packard to acquire the South Korean group business of Samsung Electronics printer informed Feb. 28 deadline April 4.
- French banking group BPCE Engie Group to acquire a 49 percent 9 participations in renewable energy companies and LCS 4 LCS notified deadline April 7th March 3 simplified.
- Twenty-first Century Fox to acquire the rest of European society Sky pay-TV does not have notice period; March 3rd April 7.
- Danish company Maersk shipping container to be acquired by German peers Hamburg Sud notified Feb. 20 deadline postponed to April 10 from March 27 after the submitted commitments.
- The manufacturer of aircraft components U Rockwell Collins to acquire a machine inside the plane B E Aerospace notified deadline of March 8, April 12.



-- part of car supplier Lear U S to acquire the automotive seating business Grupo Antolin notified March 8 deadline of April 12 simplified.
- Dutch insurer NN Group to acquire Dutch rival Delta Lloyd Group has notified Feb. 22 deadline postponed to April 12 from March 29 after the Dutch competition regulator has asked to review the case.
- Chinese state company China National Chemical ChemChina to acquire a group of pesticides and Swiss Syngenta Seeds notified Sept. 23 deadline postponed to April 12.
- Megatrend European Holdings, part of the real estate investment company TH Real Estate, and German insurer Allianz to jointly acquire the Finnish company that has NRF Kamppi Shopping Center in Helsinki based notified March 9 deadline April 18 years.



-- German producers of cement HeidelbergCement and Schwenk to jointly acquire the Croatian unit of Mexican peer Cemex notified deadline extended to September 5 April 18 March 23.
- Private equity firm Advent International to acquire biometrics and Morpho security business of French aerospace group Safran notified Feb. 24 deadline extended to April 19 from March 31 after the companies offered concessions.
- Private equity firm 3i, Dutch asset manager APG and the Danish pension fund ATP to acquire a portfolio of European infrastructure companies EISER notified 10 March 19 April simplified.
- Britain's Rolls-Royce to acquire the remaining 53 percent stake in one engine of the Spanish aircraft and component manufacturer Industria de Turbo Propulsores PTI reported Feb. 24 deadline extended to April 19 from March 31 after companies offered concessions.
- Engie the French use to acquire the developer Keepmoat Regeneration UK HOLDINGS notified March 14 deadline April 21 simplified.


-- French media company Bolloré to acquire control of the French company Vivendi notified April 24 15 March deadline.
- France Crédit Mutuel and the French bank BNP Paribas to set up a joint venture notified within April 24 15 Mars.
- Bollore energy, part of the French group Bollore and Total Marketing France, part of French society of the total energy, to set up a joint venture notified March 15 deadline April 24 simplified.
- Private equity firm CVC to acquire the Polish retailer Zabka Polska notified deadline April 25 16 March simplified.
- Ardian Investment Corporation to acquire the majority of France Prosol, an operator of grocery stores March 17 Great notified costs April 26 deadline simplified.



-- high-tech communications company based in Singapore Broadcom to acquire AVGO O U S network switches and the Brocade software company notified March 17 deadline April 26.
- Swiss pharmaceutical supplier Lonza Group to acquire U S Capsugel capsule manufacturer of the private equity firm Co LP KKE notified deadline March 17 April 26.
- Italian energy company Duferco Energia to acquire a business unit of Italian power company Energhe S p A March 22 deadline notified May 2 simplified.
- private equity firm KKR Co acquire travel company Travelopia Holdings Ltd and Travelopia USA Inc. March 24 deadline notified May 4th simplified.



-- Panasonic Corporation Japan to acquire Spanish auto parts manufacturer Ficosa International reported March 27 deadline May 5
- Pillarstone platform Banking acquire Famar holding company with operations in the pharmaceutical industry notified March 27 deadline May 5 simplified.
- Swiss car importer Emil Frey France to acquire French distributor of automotive parts PGA SAS Group's German automaker Volkswagen Group notified deadline May 8, 28 Mars simplified.
- Toyota Industries Europe to acquire live, the parent company of the Dutch industrial company Vanderlande Industries Holding B V notified deadline May 10 29 Mars simplified.
- U S chemical group Riechhold and Black Diamond Capital to acquire Italian manufacturer Polynt polymers which belongs to a group of Italian private equity Investindustrial notified March 17 Deadline May 12 commitments proposed on March 17.



The European Commission has 25 working days after a deal is filed for a review of the first stage, it may extend that to 10 days to 35 days of work to examine whether the proposed remedies is a business or the request of a Member State EU 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, 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 case decision can be categorized as non-simplified - that is, criticism of first regular stage - until they are approved by Foo Yun Chee reports.
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mergers and EU takeovers (March 31) Reuters_1, mergers, March deadline notified in March.