January 19, 2018 / 10:45 AM / a month ago

EU mergers and takeovers (Jan 19)

BRUSSELS, Jan 19 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- U.S. smartphone chipmaker Qualcomm to acquire Dutch company NXP Semiconductors NV (notified April 28/approved Jan. 19)

-- UK retailer JD Sports Fashion Plc, investment vehicle Balaiko Firaja Invest and food and non-food trader Sonae MC, which is controlled by Efanor Investimentos, to jointly acquire sports goods retailer JDSH Sprinter Holdings 2010 (notified Dec. 5/approved Jan. 18)

NEW LISTINGS

-- Aerospace and defence group Northrop Grumman to buy launch vehicle maker Orbital ATK. (notified Jan. 18/ deadline Feb. 22/ simplified)

-- Spanish insurer Mapfre to promote renewal of guarantee insurance policies in Spain through joint venture with France’s Euler Hermes. (notified Jan. 18/ deadline Feb. 22/ simplified)

EXTENSIONS AND OTHER CHANGES

-- U.S. television network Discovery Communications to acquire U.S. peer Scripps Networks Interactive Inc (notified Dec. 8/ old deadline Jan. 23, new deadline Feb. 6)

FIRST-STAGE REVIEWS BY DEADLINE

JAN 24

-- Chinese pork supplier WH Group subsidiary and U.S. meat producer Smithfield to acquire Polish meat company Pini Polonia (notified Nov. 27/deadline extended to Jan. 24 from Jan. 10/Polish competition authority asked to review the case Dec. 15)

-- CFC, which is part of Chinese conglomerate the CEFC Group and investment company Rockawy Capital to jointly acquire Czech holding company European Bridge Travel (notified Dec. 11/deadline Jan. 24/simplified)

JAN 25

-- SHV Holdings, through its LPG sector specialist SHV Energy, to acquire full control of Liquigas, a joint venture of SHV and Brixia Finanziaria (notified Dec. 12/deadline Jan. 25/simplified)

JAN 30

-- U.S. insulation and roofing company Owens Corning Finland to acquire financial services provider Parry 1 Holding (notified Dec. 15/deadline Jan. 30)

JAN 31

-- Madison Dearborn Partners Enter to acquire a portion of AmTrust Financial Services’ U.S. fee businesses

(notified Dec. 18/deadline Jan. 31/simplified)

-- Bunge to buy downstream edible oils and fats business Loders of Malaysia’s IOI.(notified Dec. 18/deadline Jan. 31/simplified)

FEB 1

-- Investment firm CD&R to take a 40 pct stake in D‘Ieteren’s windshield repair service Belron.

(notified Dec. 19/deadline Feb. 1/simplified)

-- Japan’s Mitsui & Co and Grupo Salvador to joinly buy Portuguese bus manufacturer Caetanobus.

(notified Dec 19/deadline Feb.1/simplified)

-- Steel group Schmolz + Bickenbach to acquire some assets of Asco Industries. (notified Dec. 19/deadline Feb. 1/simplified)

FEB 2

-- Investment firms Vitruvian and Verdane Capital Advisors to take joint control of online car parking service EasyPark. (notified Dec. 21/deadline Feb. 2/simplified)

-- Holding company EG Group to buy Esso Germany’s business. (notified Dec. 21/deadline Feb. 5/simplified)

-- Packaging manufacturer S.A. Industrias Celulosa Aragonesa (SAICA) to acquire peer Emin Leydier. (notified Dec. 20/deadline Feb. 2/simplified)

FEB 6

-- German renewable energy producer BayWa r.e. to acquire all of the shares in and control over C.E.T. Clean Energy Trading GmbH. (notified Dec. 22/deadline Feb. 6/simplified)

-- Italian EDF unit Edison to buy Gas Natural’s unit Gas Natural Vendita Italia. (notified Nov. 22/deadline Feb. 6/simplified)

-- German engineering group Hochtief to take sole control of Spanish peer Abertis. (notified Dec 22/deadline Feb 6.)

-- U.S. television network Discovery Communications to acquire U.S. peer Scripps Networks Interactive Inc (notified Dec. 8/ deadline Feb. 6)

FEB 12

-- Swiss logistics group Kuehne + Nagel to acquire sole control of the drinks distribution joint venture Kuehne + Nagel Drinkflow Logistics Holdings Limited (notified Jan. 8/deadline Feb. 12/simplified)

-- Ireland’s Toohil Telecom to acquire Eircom Holdco SA from a group of investors. (notified Jan. 8/deadline Feb. 12/simplified)

FEB 13

-- Private Equity Fund Nordic Capital VIII Limited to buy Alloheim Senioren-Residenzen Holding SE (notified Jan. 9/ deadline Feb. 13/ simplified)

-- EDF Unit EDF ENR PWT and Canadian Solar to set up joint venture (notified Jan. 9/ deadline Feb. 13/ simplified)

FEB 14

-- Units of Ivanhoe Cambridge and QuadReal Property to set up joint venture to invest in Indian real estate projects, particularly logistics parks. (notified Jan. 10/ deadline Feb. 14/ simplified)

FEB 16

-- German industrial gases group Linde to merge with U.S. peer Praxair (notified Jan. 12/ deadline Feb. 16)

-- Shipping terminal investment holding PSA International to transfer sole control over PSA Panama International Terminal to joint control by PSA International and Terminal Investment Limited. (notified Jan. 12/ deadline Feb. 16/ simplified)

FEB 20

-- Swiss Bell Food, part of Coop-Group, to buy all of Stoffel Holding AG and indirectly obtaint 50.22 pct of the capital and 65.01 pct of the voting right of food producer Huegli Holding. (notified Jan. 16/ deadline Feb. 20/ simplified)

-- Macquarie Super Core Infrastructure Fund and Allianz Infrastructure Luxembourg to jointly acquire Lakeside Network Investments, an investor in Finnish electricity and district heating networks. (notified Jan. 16/ deadline Feb. 20/ simplified)

-- Goldman Sachs and Riverstone Investment Group to jointly acquire Lucid Energy Group II, a provider of natural gas processing and gathering in the United States. (notified Jan. 16/ deadline Feb. 20/ simplified)

FEB 22

-- Aerospace and defence group Northrop Grumman to buy launch vehicle maker Orbital ATK. (notified Jan. 18/ deadline Feb. 22/ simplified)

-- Spanish insurer Mapfre to promote renewal of guarantee insurance policies in Spain through joint venture with France’s Euler Hermes. (notified Jan. 18/ deadline Feb. 22/ simplified)

MARCH 5

-- German industrial group Bayer to acquire U.S. seeds company Monsanto (notified June 30/deadline March 5)

MARCH 8

-- Italian eyewear maker Luxottica and French lens manufacturer Essilor to merge (notified Aug. 22/deadline March 8)

MARCH 19

-- U.S. specialty material company Celanese and private equity firm Blackstone to combine their cellulose acetate tow units under a new joint venture (notified Sept. 9/deadline extended to March 19 from March 5)

APRIL 4

-- Luxembourg-based steelmaker ArcelorMittal to acquire Italian steel plant (notified Sept. 21/deadline extended to April 4 from March 23 after the companies asked for more time)

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. (Reporting by Foo Yun Chee)

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