EU mergers and takeovers (Dec 4)

BRUSSELS Dec four The following are mergers under evaluation by the European Commission and a short guide to the EU merger process:

APPROVALS AND WITHDRAWALS

None

NEW LISTINGS

— Private equity firms Triton and KKR to jointly set up a joint venture (notified Dec. 1/deadline Jan. 14/simplified)

EXTENSIONS AND OTHER Alterations

— South African paper maker Mondi to obtain some assets from portfolio company Walki (notified July 29/deadline extended for the second time to Feb. eight from Jan. 18 right after Mondi offered concessions)

Very first-STAGE Evaluations BY DEADLINE

DEC 7

— U.S. fertiliser maker CF Industries Holdings to obtain OCI NV’s North American and European plants (notified Oct. 30/deadline Dec. 7)

— Enel Green Energy and asset management business F2I to set up a joint venture (notified Oct. 30/deadline Dec. 7)

DEC 8

— Swedish state utility Vattenfall and GDF Suez Energie Deutschland AG to to set up a consortium (notified Nov. 3/deadline Dec. eight)

DEC 10

— German dairy producer DMK Deutsches Milchkontor GmbH to obtain Dutch cheese producer DOC Kaas B.V. (notified Nov. 5/deadline Dec. 10)

DEC 12

— Canadian auto components maker Linamar to obtain French peer Montupet (notified Nov. six/deadline Dec. 12)

DEC 14

— French bank Caisse des Depots, Abu Dhabi-primarily based investment and improvement firm Mubadala Improvement Co and Vivalto Bel to jointly obtain French private wellness club operator Group Vivalto Sante (notified Nov. 9/deadline Dec. 14)

DEC 16

— Private equity firm Vista Equity Partners to acquire technologies organization Solera Holdings Inc (notified Nov. 11/deadline Dec. 16)

— Commodity trader Trafigura to obtain de facto sole control of Belgian zinc producer Nyrstar (notified Nov. 11/Dec. 16)

DEC 17

— Germany’s Bertelman plans to purchase remaining 25.1 % stake in printing group Privonis from Axel Springer . (notified Nov. 12/ deadline Dec. 17)

— France’s Michelin and Fives plan joint venture in metal 3D printing (notified Nov. 12/ deadline Dec. 17/simplified)

— The Ontario Municipal Employees Retirement Method (Omers) to get out environment and social troubles consultant ERM with the Alberta Investment Management Corp as a co-investor (notified Nov. 12/ deadline Dec. 17/simplified)

— Canadian car parts supplier Magna International to acquire German automotive transmission systems maker Getrag (notified Nov. 12/deadline Dec. 17)

DEC 18

— AXA and Danish public pension fund ATP program to acquire control of two hotels jointly with Club Quarters (notified Nov. 13/ deadline Dec. 18/simplified)

DEC 21

— Finnish stainless steel maker Outokumpu to obtain shares in Germany’s Hernandez Edelstahl (notified Nov. 16/deadline Dec. 21)

— EQT Solutions to obtain 75 % of Leading-Toy, a toy retailer in the Nordic Countries and Germany (notified Nov. 16/deadline Dec. 21/simplified)

DEC 23

— Honeywell International Inc to obtain British engineering business Melrose Industries’ utility consumption metering organization Elster Group (notified Nov. four/deadline Dec. 23/commitments submitted on Dec. 2)

— Transgourmet, a unit of Switzerland’s Coop, to get Austria’s C+C Pfeiffer, a subsidiary of the Pfeiffer trading group, as effectively as to take a 50 percent stake in centralised purchasing group Leading Team (notified Nov. 18/deadline Dec. 23/simplified)

— Novartis to get remaining rights to Ofatumumab from Britain’s GlaxoSmithKline (notified Nov. 18/deadline Dec. 23)

JAN four

— MS&AD Insurance coverage Group Holdings Inc to purchase Amlin PLC, an underwriter in the Lloyd’s of London specialist insurance marketplace (notified Nov. 19/deadline Jan 4/simplified)

JAN 6

— Swedish private equity firm Ratos AB and Finnish insurer Varma Mutual Pension Insurance Firm to jointly obtain Swedish genuine estate developer Serena Properties AB (notified Nov. 23/deadline Jan. 6/simplified)

JAN 11

— Italian state-owned investment fund Fondon Strategico Italiano to obtain a stake in Italian oil contractor Saipem from state-controlled oil firm Eni (notified Nov. 26/deadline Jan. 11/simplified)

— Japanese trading company Sumitomo Corp and Japan’s Sumitomo Mitsui Banking Corp to acquire joint control of Indonesian motorcyle financing firm PT Summit Oto Finance and Indonesian vehicle financing company PT Oto Multiartha, which are now solely controlled by Sumitomo Corp (notified Nov. 26/deadline Jan. 11/simplified)

— Danish transport and logistics organization DSV to obtain U.S. rival UTi Worldwide (notified Nov. 26/deadline Jan. 11/simplified)

JAN 12

— U.S. conglomerate Berkshire Hathaway to acquire U.S. aerospace parts maker Precision Castparts (notified Nov. 27/deadline Jan. 12)

— French company Caisse des Dépôts et Consignations to obtain 49.9 percent stakes in three wind and solar energy firms from French wind and solar farm operator La Compagnie du Vent (notified Nov. 27/deadline Jan. 12/simplified)

— Oilfield solutions provider Halliburton to get rival Baker Hughes in a stock and cash transaction (notified Nov. 27/deadline Jan. 12)

— Private investment company KKCG and Taiwanese technologies company Hon Hai Precision Business Co, which is also identified as Foxconn, to set up a joint venture in the Czech Republic (notified Nov. 27/deadline Jan. 12/simplified)

— Banking group Goldman Sachs and UK charitable foundation The Wellcome Trust to kind a joint venture (notified Nov. 27/deadline Jan. 12/simplified)

— UK investment firm Intermediate Capital Group and German investment firm Capiton to jointly acquire German resin products maker Prefere Resins Holding (notified Nov. 27/deadline Jan. 12/simplified)

JAN 13

— U.S. packages delivery company FedEx to obtain Dutch peer TNT (notified July /deadline extended to Jan. 13 from Dec. 8 soon after the firms asked for a lot more time)

— U.S. private equity firm Thomas H. Lee Partners and investment bank Goldman Sachs to jointly obtain U.S. facility management company GCA Service Group from Blackstone Group (notified Nov. 30/deadline Jan. 13/simplified)

JAN 14

— TDR Capital investment funds taking joint manage of British fuel station operator Euro Garages (notified Dec. 1/deadline Jan. 14)

JAN 22

— U.S. drinks can maker Ball Corp to obtain British rival Rexam Plc (notified June 15/deadline extended for the third time to Jan 22 from Dec. 23 right after firms submitted commitments)

MARCH three

— Cable telecoms company Liberty Global’s Belgian subsidiary Telenet to acquire mobile network operator Base from Dutch group KPN (notified Aug. 17/deadline extended to March 17 from March three)

MARCH 9

— U.S. workplace supplier Staples to acquire U.S. rival Office Depot (notified Aug. 21/deadline extended for the third time to March 9 from March 2 soon after the companies asked for much more time)

APRIL 18

— Hutchison Whampoa to obtain Telefonica’s O2 UK subsidiary (notified Sept. 11/deadline extended for the fourth time to April 18 from March 16 after Hutchison asked for much more time)

SUSPENDED

— SOCAR, Azerbaijan’s state energy organization, to purchase stakes in Greek all-natural gas grid operator DESFA from Greek natural gas utility DEPA (notified Oct. 1/deadline suspended on Jan. 21)

GUIDE TO EU MERGER Approach

DEADLINES:

The European Commission has 25 functioning days right after a deal is filed for a 1st-stage assessment. It may extend that by ten functioning days to 35 functioning days, to think about 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 extra functioning days, which it could extend to 105 working days.

SIMPLIFIED:

Below the simplified process, the Commission announces the clearance of uncontroversial initial-stage mergers with no providing any reason for its decision. Cases could be reclassified as non-simplified – that is, ordinary initial-stage testimonials – until they are authorized. (Compiled by Foo Yun Chee and Philip Blenkinsop)