26 November, 2009
EU mergers and takeovers (Nov 26)
BRUSSELS, Nov 26 (Reuters) - The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:
APPROVALS AND WITHDRAWALS:
-- 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, owned by British airport management group BAA Airports Ltd [FERBA.UL] (approved Nov. 26)
NEW LISTINGS:
-- Germany's Suewag Energie AG, a gas and electricity supplier controlled by energy group RWE (RWEG.DE); German private equity investor Capiton AG; and insurer Gothaer Versicherungsbank VVaG [GVVVA.UL], acquire joint control of German electricity trader and supplier Ensys AG (notified Nov. 18/deadline Dec. 23)
-- U.S. electronics testing equipment maker Agilent Technologies Inc (A.N) acquires Varian Inc (VARI.O), a specialist in scientific instruments to measure biological and physical properties (notified Nov. 23/deadline Jan. 6)
EXTENSIONS AND OTHER CHANGES:
None
FIRST-STAGE REVIEWS BY DEADLINE:
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)
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)
-- 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 26) Added: (26.11.2009)
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