23 November, 2009
EU mergers and takeovers (Nov 23)
BRUSSELS, Nov 23 (Reuters) - The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:
APPROVALS AND WITHDRAWALS:
-- Private equity fund One Equity Partners II LP, controlled by JP Morgan Chase & Co, acquires control of plastic material maker Schoeller Arca Systems Services BV, which is currently controlled jointly by One Equity Partners II and Schoeller Holding GmbH, via share purchases (approved Nov. 23)
-- German electrical lighting systems maker Zumtobel Holding GmbH, and Symboled GmbH, controlled by Fraunhofer Gesellschaft, and four individuals take joint control of Ledon Oled Lighting GmbH, which will develop and sell organic light-emitting diodes for professional lighting systems (approved Nov. 23)
-- Spain's Santander Consumer Finance SA, controlled by financial services group Banco Santander SA (SAN.MC), takes control of Polish retail banking, credit and insurance brokerage firms AIG Bank Polska SA and AIG Credit SA (approved Nov. 23/)
NEW LISTINGS:
-- Luxembourg-based private equity investment fund OCM Luxembourg Glasnost Holding Sarl, belonging to the Oaktree Group to acquire control of Cougard Investment SAS and its subsidiary SGD, a French supplier of specialty glass packaging in the perfumery, cosmetic and pharmaceutical products industry (notified Nov. 18/deadline Dec. 23/simplified)
-- Germany's Bayrische Landesbank - BayernLB (BLGGgh.F), controlled by the German Free State of Bavaria, acquires Luxembourg-based private and cooperate banking firm LBLux SA, jointly controlled by BayernLB and Landesbank Hessen-Thuringen Girozentrale (LHTGga.F) (notified Nov. 18/deadline Dec. 23/simplified)
-- Swiss-based human resources company Adecco Inc, a wholly owned subsidiary of Adecco SA (ADEN.VX) acquires control of MPS Group Inc (MPS.N), a U.S. provider of professional staffing solutions (notified Nov. 18/deadline Dec. 23)
-- Germany's marine fuel oil supplier Bominflot Bunkergesellschaft fuer Mineraloee MbH & Co KG - Bominflot, acquires control of the whole of SBI Holding BV, a Dutch rival controlled by Seatrade Holding BV (notified Nov. 18/deadline Dec 23)
EXTENSIONS AND OTHER CHANGES:
None
FIRST-STAGE REVIEWS BY DEADLINE:
NOV 23
-- Italian bank Unicredit (CRDI.MI) and Italian investment bank Banca IMI SpA [ISPNM.UL] transform existing joint venture TLX SpA into a full-function joint venture, EuroTLX Societa di Intermediazione SpA (notified Oct. 14/deadline Nov. 23)
NOV 24
-- Dutch animal feed producer Nutreco International BV (NUTR.AS) to acquire control of the Spanish and Portuguese animal nutrition businesses of livestock company Cargill [CARG.UL] (notified Oct. 19/deadline Nov. 24)
NOV 26
-- U.S. investment fund Apollo Management LP and its affiliates acquire U.S. flexible film and packaging company Pliant Corp (PLIAP.PK) (notified Oct. 21/deadline Nov. 26/simplified)
-- Swiss financial services company Credit Suisse Group (CSGN.VX) and U.S. industrial services group General Electric Co (GE.N), through their jointly controlled private equity fund Global Infrastructure Partners and affiliated funds, acquire sole control of Gatwick Airport Ltd, currently owned by British airport management group BAA Airports Ltd [FERBA.UL] (notified Oct. 21/deadline Nov. 26/simplified)
NOV 30
-- Australian packaging group Amcor Ltd (AMC.AX) to acquire control of mining company Rio Tinto plc's (RIO.AX)(RIO.L) packaging units Global Tobacco Packaging, Global Pharmaceutical Packaging, Food Packaging Europe and Food Packaging Asia (notified Oct. 23/deadline Nov. 30)
-- British investment fund CVC Partners SICAV-FIS S.A. and its affiliate CVC Luxembourg to acquire certain breweries in Bulgaria, the Czech Republic, Hungary, Romania, Slovakia and other central European countries from Belgian brewer Anheuser-Busch InBev (ABI.BR) (notified Oct. 23/deadline Nov. 30/simplified)
-- U.S. private equity investor Advent International to acquire German software company GFKL Financial Services AG (GFSGk.DE) (notified Oct. 23/deadline Nov. 30)
-- Luxembourg-based steelmaker ArcelorMittal (ISPA.AS) through its subsidiary ArcelorMittal Netherlands BV and the Miglani family of India, acquire joint control of Indian steel product producer Uttam Galva Steels Ltd (UTTM.BO) (notified Oct. 23/deadline Nov. 30)
DEC 2
-- Japanese semiconductor maker Renesas Technology Corp, jointly controlled by Hitachi Ltd (6501.T) and Mitsubishi Electric Corp (6503.T), merges with NEC Electronics Corp (6723.T), controlled by Japanese electronics maker NEC Corp (6701.T) (notified Oct. 27/deadline Dec. 2)
DEC 3
-- Financial management consulting company Towers Perrin, Foster & Crosby Inc. to merge with peer Watson Wyatt Worldwide Inc (WW.N) (notified Oct. 14/deadline Dec. 3)
DEC 4
-- Finnish mobile phone maker Nokia Corp (NOK1V.HE) and German business software specialist SAP AG (SAPG.DE) form a German joint venture to offer product authentication and anti-counterfeit services to business customers and government authorities (notified Oct. 29/deadline Dec. 4/simplified)
-- German construction company Bilfinger Berger AG (GBFG.DE) acquires control of Austrian industrial services firm MCE AG (notified Oct. 29/deadline Dec. 4/simplified/changed to non-simplified on Nov. 19)
DEC 7
-- Saint Gobain Glass France, controlled by French glass maker Saint-Gobain SA (SGOB.PA); and Turkey-based Trakya Cam Sanayii AS, owned by Turkish glass company Sisecam (SISE.IS), take joint control of Saint Gobain Glass Egypt, a maker of glass for building and automotive applications (notified Oct. 30/deadline Dec. 7/simplified)
Source: http://www.reuters.com
EU mergers and takeovers (Nov 23) Added: (23.11.2009)
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