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EU mergers and takeovers (Feb 26)

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Update time : 2020-04-30 16:26:59

BRUSSELS, Feb 26 (Reuters) - The following are mergers below publication by the European committee and a brief perform to the EU merger process:


APPROVALS AND WITHDRAWALS

-- German utility RWE to obtain E.ON's networks and renewables unit (approved Feb. 26)


NEW LISTINGS

-- UK asset management company Segro and Canada's Public Sector Pension Investment Board to jointly obtain a logistics situation can Poland (notified Feb. 25/deadline April 1/simplified)

-- UK asset management company Segro and Canada's Public Sector Pension Investment Board to jointly obtain a logistics situation can France (notified Feb. 25/deadline April 1/simplified)

-- econmic services company Great-West Lifeco's Irish Life and Clyde goods Fund and UK goods developer Hammerson to jointly obtain a shopping centre can Dublin, Ireland (notified Feb. 22/deadline March 29)

-- Apollo Management to obtain elastic produce maker RPC masses (notified Feb. 21/deadline March 28/simplified)


EXTENSIONS AND OTHER CHANGES

None


FIRST-STAGE REVIEWS BY DEADLINE


FEB 28

-- force investment holding company LetterOne Holdings and medication sector stock company BASF to pattern mutual dare combining fat and gas activities (notified Jan. 24/deadline Feb. 28)


MARCH 6

-- U.S. aircraft parts maker soul Aerosystems Holdings Inc to obtain EU-based supplier Asco Industries NV (notified Jan. 30/deadline March 6)


MARCH 7

-- German force company E.ON to obtain German glare Innogy's retail and network activities (notified Jan. 31/deadline March 7)

-- personal equity corporation The Carlyle masses to obtain aviation services company StandardAero from buyout corporation Veritas capital (notified Jan. 31/deadline March 7/simplified)

-- Cayman Island-based personal equity corporation Clayton, Dubilier & Rice Fund X, L.P. to obtain sole perform from investment vehicle Cheadle Developments Ltd. can Jersey-based FH Investments Ltd. over a portion buy (notified Jan. 31/deadline March 7/simplified)


MARCH 8

-- force producer and provider complete Holdings USA to obtain sole perform can fat and ordinary gas produce company Chevron Denmark (notified Feb. 1/deadline March 8)

-- Insurer Marsh & McLennan Companies to obtain portion capital of British glare Jardine Lloyd Thompson masses (notified Feb. 1/deadline March 8)


MARCH 11

-- Global aerospace producer, designer and supplier TransDigm masses to obtain sole perform can manufacturing company Esterline Technologies (notified Feb. 4/deadline March 11)

-- DA Agravis machinery Holding and Danish Agro machinery Holding to obtain Kesko Group's agrimachinery activities can Finland, Estonia, Latvia and Lithuania from Finnish subsidiary Konekesko Oy (notified Feb. 4/deadline March 11)


MARCH 12

-- UK-based asset manager Intermediate capital masses to obtain perform of Grupo Konectanet, S.L. and Konecta Activos Immobiliarios, S.L. and companies controlled by them (notified Feb. 5/deadline March 12/simplified) -- Swedish investment company Nalka Invest AB to obtain sole perform of medical equip distributor OneMed AB (notified Feb. 5/deadline March 12/simplified)

-- On-street parking company Saba Portugal and road infrastructure operator Egis Portugal to obtain mutual perform of Viseu truck Park goods (notified Feb. 5/deadline March 12/simplified)


MARCH 13

-- Norway's Kongsberg Gruppen to obtain British aero-engine maker Rolls-Royce's commercial marine bargain (notified Feb. 6/deadline March 13/simplified)

-- Mitsubishi Corp. and Franz Haniel & Cie. subsidiary ELG Haniel GmbH to obtain mutual perform can ELG Carbon Fibre Ltd. by manner of buy of shares (notified Feb. 6/deadline March 13/simplified)


MARCH 15

-- French construction company Vinci to obtain Britain's Gatwick Airport (notified Feb. 8/deadline March 15/simplified)

-- Investindustrial VI L.P.'s investment subsidiary mud Confectionery masses S.a r.l to obtain sole perform of Spain's chocolate company Natra S.A. (notified Feb. 8/deadline March 15/simplified)

-- U.S. personal equity corporation American Securities to obtain goods restoration company Belfor Holdings (notified Feb. 8/deadline March 15/simplified)


MARCH 20

-- U.S. personal equity corporation KKR to obtain Spanish food-food cafe tie Telepizza (notified Feb. 13/deadline March 20/simplified)


MARCH 21

-- German insurer Allianz, Canada's Public Sector Pension Investment Board and U.S.-based Greystar authentic wealth Partners to obtain mutual perform can London-based learner quarters goods Paul lane East over a portion buy rally (notified Feb. 14/deadline March 21/simplified)


MARCH 25

-- U.S. aluminum company Novelis, which is a unit of India's Hindalco Industries Ltd, to obtain aluminum processor Aleris (notified Feb. 18/deadline March 25)

-- Luxembourg's LetterOne Investment Holdings to obtain supermarket operator DIA (notified Feb. 18/deadline March 25/simplified)


MARCH 26

-- France's Moma Places and Unibal-Rodamco to vertical a mutual commercial catering dare (notified Feb. 19/deadline March 26/simplified)


MARCH 27

-- Swiss chemicals company Sika to obtain French contest Parex from personal equity corporation CVC capital Partners (notified Feb. 20/deadline March 27)

-- Japan's CK Holdings Co to obtain Italian truck parts maker Magneti Marelli from Italian auto maker Fiat Chrysler Automotives (notified Feb. 20/deadline March 27/simplified)


MARCH 28

-- ArcelorMittal and Italy's CLN masses to obtain mutual perform can two Italian steel service centers of the Ilva masses (notified Feb. 21/deadline March 28)

-- German conglomerate JAB Holding to enlarge its stake can Coty Inc to 60 percent from 40 percent (notified Feb. 21/deadline March 28/simplified)

-- Japanese telecoms provider KDDI Corp and Mitsubishi UFJ Securities Holdings Co Ltd to jointly obtain Japanese online broker Kabu.com (notified Feb. 21/deadline March 28/simplified)


APRIL 16

-- Steel company Aperam to obtain Netherlands producer of materials from nickel and Nickel alloy VDM Metals Holding (notified Oct. 23/deadline extended to April 16 from Nov. 29 back the European committee opened an in-depth investigation)


APRIL 29

--- Germany's Thyssenkrupp and India's Tata Steel to vertical a steel mutual dare (notified Sept. 25/deadline April 29)


MAY 20

-- electrical and machinery manufacturing company Nidec to obtain sole perform of U.S. white freight maker Whirlpool Corp's compressor subsidiary Embraco (notified Oct. 8/deadline extended to can 20 from can 13)


JUNE 3

-- UK mobile telephony provider Vodafone to obtain U.S. freedom Global's telecommunications bargain can the Czech Republic, Germany, Hungary and Romania (notified Oct. 19/deadline June 3)


GUIDE to EU MERGER PROCESS

DEADLINES:

The European committee has 25 working days back a bargain is filed though a first-stage review. It can extend that by 10 working days to 35 working days, to believe too a company's proposed remedies or an EU member state's application to manage the case. Most mergers obtain approval however occasionally the committee opens a detailed second-stage investigation though up to 90 extra working days, which it can extend to 105 working days.


SIMPLIFIED:

Under the simplified procedure, the committee announces the clearance of uncontroversial first-stage mergers without giving any controversy though its decision. Cases can exist reclassified though non-simplified - that is, mutual first-stage reviews - until they are approved. (Reporting by Clare Roth;)