November 17, 2008 / 2:03 PM / 10 years ago

EU mergers and takeovers (Nov 17)

BRUSSELS, Nov 17 (Reuters) - The following are proposed mergers, acquisitions and joint ventures under review by the European Commission, and a brief guide to the EU merger process:




— Danish heating and refrigeration components company Danfoss and Danish solar collectors company SolarCAP acquire joint control of a newly created company active in development and sale of integrated solar pump JV (notified Nov. 7/deadline Dec. 12/simplified)

— Spanish financial group Banco Santander (SAN.MC) and German financial services institution LASG acquire Spanish payment cards company Diners Club Spain (notified Nov. 10/deadline Dec. 15/simplified)

— Spanish air transport company Iberia IBLA.MC acquires two Spanish air transport companies Vueling VULG.MC and Clickair (notified Nov. 11/deadline Dec. 16)

— French consumer credit products company Sofinco [CAGRSO.UL] and Italian undertaking active in financial and banking intermediation Banco Popolare BAPO.MI acquire joint control of their respective Italian subsidiaries Agos and Ducato (notified Nov. 12/deadline Dec. 17)

— Privately held bearings maker Schaeffler acquires German auto parts maker Continental (CONG.DE) (notified July 29/deadline Dec. 19)




NOV 18

— State-owned investor Dubai World (DPW.DI) through Dubai World Belgium formerly P&O Ports Europe NV; Conti 7 NV controlled by the Brion Family specialist in maritime transport and Rickmers 2.Terminal NV, ship management firm controlled by Rickmers Holding GmbH & Cie KG RIMT.SI to acquire DP World Breakbulk NV (notified Oct.14/deadline Nov.18)

NOV 19

— Terex Corp (TEX.N), a U.S. maker of capital equipment for construction and infrastructure development, buys Fantuzzi Group, a Luxembourg/Italian maker of container-handling equipment (notified Oct. 15/deadline Nov. 19)

NOV 20

— Britain’s International Power Consolidated Holdings Ltd, controlled by International Power plc IPR.L; Belgian chemical products maker Tessenderlo Chemie NV (TESB.BR); and Siemens Project Ventures Gmbh, controlled by Germany’s Siemens AG (SIEGn.DE), form Belgian joint venture T-Power NV to develop, build and operate a power station (notified Oct. 16/deadline Nov. 20/simplified)

NOV 21

— Japanese automation systems maker Omron Corp 6645.OS and Ficosa International SA, a Spanish maker of auto parts, form a joint venture to make advanced driver assistance systems (notified Oct. 17/deadline Nov. 21/simplified)

NOV 25

— Rail Cargo Austria AG, a freight transport and forwarding company, to buy Hungarian peer MAV Cargo (notified Aug. 25/deadline Sept. 29/on Sept. 23, deadline extended to Oct. 13/clock reset on Oct. 13/new deadline Nov. 11/on Nov. 6, deadline extended again to Nov. 25)

— Swedish mobile telecoms equipment maker Ericsson (ERICb.ST) and chipmaker STMicroelectronics (STM.PA) form Swiss joint ventures JVD and JVS (notified Oct. 21/deadline Nov. 25)

— British private equity fund BC Funds, managed by CIE Management II Ltd and advised by BC Partners Ltd, active in various sectors throughout Europe, to acquire Germany’s Starkstrom Geratebau, which makes electrical power transformers (notified Oct. 21/deadline Nov. 25/simplified)

NOV 27

— MidAmerican Energy Holdings Co, present in different energy businesses and controlled by diversified investment group Berkshire Hathaway (BRKa.N), to acquire power generation and energy supplier Constellation Energy Group Inc CEG.N (notified Oct. 23/deadline Nov. 27/simplified)


— Deutsche Bank AG (DBKGn.DE) of Germany, UK financial services group Lloyds TSB (LLOY.L) and Antin Infrastructure Partners FCPR, an investment fund sponsored by French bank BNP Paribas (BNPP.PA), to acquire Porterbrook Leasing Co Ltd and subsidiaries, which supply operating leases for railway rolling stock and equipment to British train operators (notified Oct. 27/deadline Dec. 1)

— Italian environmental services and renewable energy provider Greenvision VISA.MI and Japanese trading firm Itochu Corp (8001.T) form a joint venture to acquire Greenvision’s ambiente Photo Solar Srl, a designer of photo-voltaic systems (notified Oct. 27/deadline Dec. 1/simplified)

— Swiss meat processor Bell Holding AG BELN.S, owned by the Coop group, to acquire meat and sausages maker Zimbo Fleisch- und Wurstwaren GmbH & Co KG (notified Oct. 27/deadline Dec. 1/simplified)


— German industrial services and materials supplier ThyssenKrupp Services AG, owned by ThysennKrupp AG (TKAG.DE), buys Germany’s ThyssenKrupp Rohm Kunststoffe GmbH, a seller of semi-finished plastic products and related services (notified Oct. 29/deadline Dec. 3/simplified)

— French banking and insurance group BNP Paribas SA (BNPP.PA) to buy Fortis FOR.BRFOR.AS entities Fortis Bank SA/NV, Fortis Bank Luxembourg SA and Fortis Insurance Belgium SA/NV (notified Oct. 29/deadline Dec. 3)


— Iberdrola Renovables SA IBR.MC, a renewable electricity arm of Spanish utility Iberdrola (IBE.MC), to acquire Gamesa Group’s GAM.MC wind farm developer Gamesa Energia SAU (notified Oct. 30/deadline Dec. 4).


— French diversified group Kuehne & Nagel Sarl KNIN.VX to buy Alloin Holding SAS, a French transport services and freight forwarding firm (notified Oct. 31/deadline Dec. 5/simplified)

— French services firm Sodexho SA (EXHO.PA) to buy Zehnacker Group GmbH, a German provider of facility management services (notified Oct. 31/deadline Dec. 5/simplified)

— French financial services group Societe Generale (SOGN.PA), through online retail banking and brokerage affiliate Boursorama SA FMTX.PA, to form a joint venture with Spanish retail and savings bank La Caixa CRIT.MC to provide online banking services in Spain (notified Oct. 31/deadline Dec. 5/simplified)

— Austrian mortgage lender RBSK Group, through its subsidiary Raiffeisen Bausparkasse GmbH [RBGES.UL]; German banking and insurance firm DZ Bank DGBGg.F, through its Bausparkasse Schwaebisch Hall AG arm; and Raiffeisen Bank SA of Romania, a subsidiary of Austrian investment and commercial bank RZB RIBH.VI, to take joint control of Romanian mortgage lender HVB Banca pentru Locuinte SA (notified Oct. 10/deadline Dec. 5/simplified)


— French utility group EDF SA (EDF.PA), through special purpose vehicle Lake Acquisitions, to buy UK-based utility British Energy BGY.L (notified Nov. 11/deadline Dec. 8)

— Israeli drugmaker Teva Pharmaceutical Industries Ltd TEVA.O to acquire U.S. biopharmaceutical and generic drugs marketer Barr Pharmaceuticals Inc BRL.N (notified Nov. 3/deadline Dec. 8)

— French risk capital investment firm Apax Partners SA to acquire French information and technology consultancy Altran Technologies (ALTT.PA) (notified Nov. 3/deadline Dec. 8/simplified)

DEC 10

— French water and waste management group Veolia Environnement (VIE.PA), through its subsidiary Veolia Transport, to acquire French sea transport firm SNCM (notified Nov. 5/deadline Dec. 10/simplified)

— Bosch Rexroth AG, a subsidiary of German auto parts maker Robert Bosch GmbH [ROBG.UL], buy Swedish hydraulic drive systems maker Hagglunds Drives AB (notified Nov. 5/deadline Dec. 10)

DEC 11

— Bank of America (BAC.N) to acquire U.S. investment bank Merrill Lynch MER.N (notified Nov. 6/deadline Dec. 11/simplified)

DEC 12

— British aerospace engineering firm GKN plc (GNK.L) through its subsidiary GKN Aerospace Services Limited to buy Airbus Filton operations which makes and assemble aircraft wing-components, owned by Airbus UK and Airbus SAS EAD.PA. (notified Nov.11/ deadline Dec.12/simplified)

DEC 15

— Dow Chemical Company DOW.N, U.S. largest chemical maker, to acquire U.S. specialty chemicals counterpart Rohm & Haas ROH.N. (notified Nov. 10/deadline Dec.15)

DEC 17

— Dutch insurer Aegon (AEGN.AS) through its Spanish subsidiary Aegon Spanje and Caja Navarra which has credit and fianance operations in Spain, to buy CAN Salud a subsidiary of Caja Navarra which sells non-life insurance products in Spain. (notified Nov.12/deadlineDec.17/simplified)

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