27 November, 2009
EU mergers and takeovers (Nov 27)
BRUSSELS, Nov 27 (Reuters) - The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:
APPROVALS AND WITHDRAWALS:
-- U.S. investment fund Apollo Management LP and its affiliates acquire U.S. flexible film and packaging company Pliant Corp (PLIAP.PK) (approved Nov. 27)
-- 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 brewer Anheuser-Busch InBev (ABI.BR) (approved Nov. 27)
-- 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 (approved Nov. 27)
NEW LISTINGS:
-- Singapore Airlines Engineering Co (SIAEC), a subsidiary of Singapore Airlines Ltd (SIAL.SI), takes joint control of aerospace propulsion and aircraft equipment firm Safran Electronics Asia Private Ltd, a Singaporean wholly owned subsidiary of Sagem Defense Securite, controlled by Safran SA (SAF.PA) of France (notified Nov. 24/deadline Jan. 7/simplified)
EXTENSIONS AND OTHER CHANGES:
None
FIRST-STAGE REVIEWS BY 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
-- 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)
DEC 9
-- MDC-V Holdings Sarl, part of Abu Dhabi investment vehicle Mubadala Development Co, and Veolia Eau Compagnie Generale des Eaux SCA, which belongs to French water and waste management group Veolia Environnement (VIE.PA), to acquire joint control of water supply company Azaliya (notified Nov. 4/deadline Dec. 9/simplified)
-- French investment funds Aerofund and Aerofund II, controlled by ACE Management; Canadian investment fund Fonds de Solidarite des Travailleurs du Quebec FTQ; and French state fund Fonds Strategique d'Investissement FSI, controlled by Caisse des Depots et Consignations CDC, acquire joint control of Canada's Mecachrome International Inc (MHRMF.PK), maker of complex precision components for the aerospace, automobile and industrial equipment industries (notified Nov. 4/deadline Dec. 9/simplified)
-- Belgium's Fortis Insurance International, controlled by financial services group Fortis SA/NV (FOR.BR) and Fortis NV, and BNP Paribas Assurance, part of French bank BNP Paribas (BNPP.PA), to acquire joint control of Italian insurer UBI Assicurazioni S.p.A (notified Nov. 4/deadline Dec. 9/simplified)
DEC 10
-- Luxembourg's Leisure Park Holdings, a subsidiary of Jersey Channel Islands-based investment firm Investindustrial Group and Spanish theme part resort owner Criteria Caixa Corp SA (CRIT.MC), which belongs to La Caixa Group, acquire joint control of Activos Port Aventura leisure parks in Spain (notified Nov. 11/deadline Dec. 10/simplified)
DEC 11
-- Luxembourg-based special purpose vehicle Boreas Holdings S.a.r.l, owned by investment funds TCW Energy XIV and European Clean Energy Fund and managed by Britain's TCW Asset Management Co, a subsidiary of U.S The TCW Group Inc, and wholly owned by French bank Societe Generale S.A. (SOGN.PA); and Centrica Renewable Energy Ltd, a subsidiary of British utility Centrica (CNA.L), to acquire joint control of Centrica's windfarm developer GLID Wind Farms TopCo Ltd (notified Nov. 6/deadline Dec. 11/simplified)
-- Canadian investment fund Ontario Teachers' Pension Plan Board and Guernsey-based global banking, financial and advisory services firm Macquarie European Infrastructure Fund LP, part of Australia's Macquarie Group (MQG.AX), acquire joint control of Britain's Bristol International Airport Ltd (notified Nov. 6/deadline Dec. 11)
-- Brazilian holding company J&F Participacoes S.A. and Brazilian investment fund ZMF Fundo de Investimento em Participacoes to acquire joint control of parts of Brazilian meat manufacturers JBS and Bertin S.A. (notified Nov. 6/deadline Dec. 11/simplified)
DEC 14
-- 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 extended to Dec. 14)
-- U.S. food group Kraft Foods Inc (KFT.N) plans to acquire British candy maker Cadbury Plc (CBRY.L) (notified Nov. 9/deadline Dec. 14)
-- Eurotank Belgium B.V., controlled by Dutch oil trader Vitol Holding B.V., to acquire control of Belgian bitumen producer Petroplus Refining Antwerp N.V. and Petroplus Refining Antwerp Bitumen N.V. (notified Nov. 9/deadline Dec. 14/simplified)
-- Privately owned oil trader Normeston Trading Ltd and Hungarian energy company MOL MOLB.BU to acquire joint control of MOL Energy Trade Ltd (notified Nov. 9/deadline Dec. 14)
-- Netherlands Antilles investment firm Hal Investments to acquire control of Italian eyewear maker Safilo Group S.p.A (SFLG.MI) (notified Nov. 9/deadline Dec. 14)
Source: http://www.reuters.com
EU mergers and takeovers (Nov 27) Added: (27.11.2009)
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