EU mergers and takeovers (June 17)

  • Reuters
  • Economy News
EU mergers and takeovers (June 17)

BRUSSELS, June 17 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:


-- Chrysaor Holdings Ltd, which is indirectly controlled by investment company Harbour Energy, to acquire some of Shell's RDSa.L offshore assets (approved June 15)

-- Chinese conglomerate HNA Holding Group Co 0521.HK to acquire Singapore-listed logistics company CWT CWTD.SI (approved June 15)

-- Japanese telecommunications and tech investment group SoftBank 9984.T , India's Bharti and Taiwanese company Hon Hai 2317.TW to jointly acquire Indian renewable energy company SB Energy Holdings Ltd which is now solely solely owned by SoftBank (approved June 15)

-- Australian investment bank Macquarie Group MQG.AX to acquire Cargill Inc's CARG.UL petroleum business (approved June 15)


-- French utility group Suez SA SEVI.PA to acquire U.S. conglomerate General Electric (NYSE: GE )'s GE.N water and process technologies business (notified June 14/deadline July 19)

-- Dutch state owned gas operator Gasunie, Dutch storage tank operator Vopak VOP.AS and German gas and chemicals storage company Oiltanking which is controlled by German joint stock company Marquard & Bahls AG to set up a joint venture (notified June 14/deadline July 19/simplified)

-- Japanese conglomerate Itochu 8001.T , Japaneseprinting company Toppan Printing 7911.T tpnand Thailand's Thung Hua Sinn to jointly acquire plastic bag packaging company TPN Food Packaging (notified June 12/deadline July 17/simplified)





-- French minerals company Imerys IMTP.PA to acquire French calcium aluminate cements maker Kerneos (notified May 12/deadline June 21)


-- German chemicals company Evonik Industries EVKn.DE to acquire U.S. company J.M. Huber Corp's CPKEL.UL silica business (notified April 27/deadline extended to June 22 from June 8 after Evonik offered concessions)

-- German online fashion retailer Zalando ZALG.DE and fashion company Bestseller United to set up a joint venture (notified May 15/deadline June 22/simplified)


-- Private equity firms Advent International and Bain Capital Investors to jointly acquire payment services company RatePAY (notified May 17/deadline June 26/simplified)


-- Buyout firm Blackstone (NYSE: BX ) BX.N and Canada Pension Plan Investment Board (CPPIB) to acquire indirect joint control of U.S. educational content provider Ascend Learning (notified May 18/deadline June 27/simplified)


-- Japanese telecoms and technology group SoftBank Group 9984.T to acquire U.S. private equity company Fortress Investment Group FIG.N (notified May 19/deadline June 28/simplified)

-- Japanese shippers Nippon Yusen Kabushiki Kaisha 9101.T , Mitsui OSK Lines 9104.T and Kawasaki Kisen Kaisha 9107.T to merge their container units (notified May 19/deadline June 28)

-- French oil services group TechnipFMC FTI.N , German industrial gases group Linde AG LING.DE and Russia's Research and Design Institute on Gas Processing (JSC NIPIgaspererabotka) to set up a joint venture (notified May 19/deadline June 28/simplified)


-- Austrian refractories materials maker RHI RHIV.VI to acquire a controlling stake in Brazilian peer Magnesita Refratarios MAGG3.SA (notified May 5/deadline extended to June 29 from June 15 after RHI offered concessions)


-- Petrochemicals firm Ineos to acquire Danish utility and offshore wind farm developer Dong Energy's DENERG.CO oil and gas business (notified May 24/deadline July 3/simplified)


-- French carmaker PSA Group PEUP.PA to acquire General Motors (NYSE: GM )'s GM.N European arm Opel (notified May 30/deadline July 5)

-- French banks BNP Paribas BNPP.PA , Caisse des Depots et Consignations, Societe Generale SOGN.PA , stock exchange Euronext ENX.PA , Euroclear ECLERK.UL , S2IEM (Societe d'Investissements en Infrastructures Europeennes de Marches) and CACEIS Investor Services to set up a joint venture (notified May 30/deadline July 5/simplified)

-- French construction and concessions company Vinci SGEF.PA and Swiss airport retailer Dufry LFP DUFN.S to jointly acquire Portuguese retail operator Lojas Francas de Portugal (notified May 30/deadline July 5)


-- Investment bank Goldman Sachs (NYSE: GS ) GS.N to acquire Dutch chemical products distributor Caldic (notified May 31/deadline July 6/simplified)


-- Finnish industrial engine maker Wartsila WRT1V.HE and China State Shipbuilding Corp (CSSC) to set up a joint venture (notified June 1/deadline July 7/simplified)

-- German brake systems maker Knorr-Bremse STELLG.UL to acquire Swedish peer Haldex HLDX.ST (notified June 1/deadline July 7)

-- Private equity firm Apax Partners to acquire cleaning products maker Safetykleen from Warburg Pincus (notified June 1/deadline July 7/simplified)


-- Robert Tonnies and Clements Tonnies to acquire joint control of processed meat company Zur Muehlen Group (notified June 2/deadline July 10/simplified)

-- Japan's Hitachi Group 6501.T and Japanese carmaker Honda 7267.T to set up a joint venture (notified June 2/deadline July 10/simplified)

-- Private equity firms Bain Capital Investors and Cinven Capital Management CINV.UL to acquire joint control of German generics drugmaker Stada Arzneimittel AG STAGn.DE (notified June 2/deadline July 10/simplified)


-- Spanish bank Santander SAN.MC to acquire control of asset management company SAM Investment Holdings Ltd (notified June 6/deadline July 11/simplified)

-- French power company EDF EDF.PA to acquire British engineering company Imtech (notified June 6/deadline July 11/simplified)

-- French bank BNP Paribas BNPP.PA to acquire sole control of German credit provider Commerz Finanz, which is a joint venture between BNP and German lender Commerzbank CBKG.DE (notified June 6/deadline July 11/simplified)

-- Canada Pension Plan Investment Board (CPPIB) to acquire a minority stake and joint control of British school operator Nord Anglia Education which is now solely controlled by private equity firm BPEA (notified June 6/deadline July 11/simplified)

-- Swiss engineering group ABB ABBN.S to acquire Austrian maker of production control systems Bernecker & Rainer (B&R) (notified June 6/deadline July 11/simplified)


-- Dutch insurer NN Group NN.AS to acquire the Munich-based Holiday Inn hotel (notified June 7/deadline July 12/simplified)

-- German investment firm Genui GmbH and private equity firm Summit Partners to acquire negative control of Germany's Market Logic Software (notified June 7/deadline July 12/simplified)

-- U.S. chemicals company DuPont (NYSE: DD ) DD.N to acquire U.S. pesticide maker FMC's FMC.N health and nutrition business (notified June 7/deadline July 12)


-- Austrian rail maintenance services company OBB Technische Services-GmbH (OBB) to acquire 60 percent of Austrian peer Stadler Linz from Switzerland's Stadler Rail (notified June 8/deadline July 13/simplified)

-- U.S. pesticide maker FMC FMC.N to acquire U.S. chemicals company DuPont's DD.N crop protection business (notified June 8/deadline July 13)


-- U.S. engine maker Cummins CMI.N and U.S. industrial conglomerate Eaton Corp ETN.N to set up a joint venture for automated transmissions for heavy and medium duty commercial vehicles (notified June 9/deadline July 14/simplified)


-- Canada Pension Plan Investment Board (CPPIB) and British Telecom Pension Scheme to jointly acquire Milton Park business park (notified June 12/deadline July 17/simplified)

-- U.S. travel search site The Priceline Group PCLN.O to acquire U.S. peer Momondo Group (notified June 12/deadline July 17)

-- U.S. private equity firm Lone Star to acquire Portuguese bank Novo Banco (notified June 12/deadline July 17/simplified)


-- Fund management companies Deutsche Alternative Asset Management (Global) Ltd, InfraVia and Finanziaria Internazionale Holding S.p.A (FIH) to jointly acquire FIH subsidiary Agora Investimenti S.p.A which has airport management activities (notified June 13/deadline July 18)

OCT 17

-- U.S. smartphone chipmaker Qualcomm QCOM.O to acquire Dutch company NXP Semiconductors NV NXPI.O (notified April 28/deadline extended to Oct. 17 from June 9 after the European Commission opened an in-depth investigation)



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.

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