EU mergers and takeovers (May 16)

Fri May 16, 2008 3:06pm BST
 
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BRUSSELS, May 16 (Reuters) - The following are mergers under review by the European Commission, and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS:

-- Barclays PLC (BARC.L: Quote, Profile, Research) of Britain, operating through one of its units, buys Novem Group, which includes Car Interior Design Holding of Germany and associated companies that design components for high-end passenger vehicle interiors (approved May 16)

NEW LISTINGS:

-- L'Oreal (OREP.PA: Quote, Profile, Research), a French cosmetics firm, purchases YSL Beaute, a perfume and luxury cosmetics maker (notified May 13/deadline June 17)

-- Italian utility Enel (ENEI.MI: Quote, Profile, Research) and Spanish construction/energy company Acciona (ANA.MC: Quote, Profile, Research) buy Spanish energy company Endesa (ELE.MC: Quote, Profile, Research), in an agreement that also includes the sales of some business assets to E.ON (EONG.DE: Quote, Profile, Research) of Germany. The deal represents a modification of an earlier transaction that won EU Commission approval (notified May 13/deadline June 17)

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