EU mergers and takeovers (Feb 24)

EU mergers and takeovers (Feb 24)

Feb 24 The following are mergers under review by the European Commission and a brief guide to the EU merger process:


— South Korean conglomerate Samsung Electronics to acquire U.S. car and audio systems maker Harman International Industries (approved Feb. 23)

— U.S. technology products distributor Tech Data to acquire U.S. electrical components distributor Avnet’s IT business (approved Feb. 23)


— German synthetic rubber maker Lanxess AG to acquire U.S. specialty chemical company Chemtura (notified FEb. 24/deadline March 31)

— Japanese trading company Sumitomo Corp to acquire a 25 percent stake in German auto parts maker Hay Holding GmbH from Japanese car parts maker Musashi Seimitsu Industry Ltd (notified Feb. 24/deadline March 31/simplified)

— Private equity firm Bridgepoint to acquire British vehicle leasing company Zenith from private equity firm HgCapital Trust Plc (notified Feb. 23/deadline March 30/simplified)

— Buyout firm Lone Star to acquire German building materials maker Xella from private equity firm PAI Partners and funds managed by Goldman Sachs’ investment arm (notified Feb. 22/deadline March 29)

— AMC Entertainment Holdings, which is part of China’s Dalian Wanda Group, to acquire cinema operator Nordic Cinema Group (notified Feb. 22/deadline March 29/simplified)

— Dutch insurer NN Group to acquire Dutch rival Group Delta Lloyd (notified Feb. 22/deadline March 29)

— Indian car parts maker and engineering group Motherson Sumi Systems Ltd to acquire Finnish maker of wiring harnesses for trucks PKC Group (notified Feb. 21/deadline March 28)

— Qatar Airways to acquire a 49 percent stake in Italian carrier Meridiana (notified Feb. 21/deadline March 28)




FEB 27

— German engineering company Siemens to acquire U.S. software company Mentor Graphics (notified Jan. 23/deadline Feb. 27)

— Japan’s NKT Cables to acquire Swiss power and automation company ABB’s high voltage cable business (notified Jan. 23/deadline Feb. 27)


— Swiss-based chemicals group Ineos to acquire French chemical company Arkema’s Oxo-alcohols business (notified Jan. 26/deadline March 2)

— Japanese brewer Asahi Group Holdings Ltd to acquire Anheuser-Busch InBev’s beer businesses in central and eastern Europe (notified Jan. 26/deadline March 2)


— Investment group KKCG and Taiwanese technology company Hon Hai Precision Industry Co, which is also known as Foxconn, to set up a private equity fund (notified Jan. 31/deadline March 7/simplified)


— Canada Pension Plan Investment Board (CPPIB) to acquire minority stake and joint control along with Apax Partners over software development services provider GlobalLogic Holdings Ltd (notified Feb. 1/deadline March 8/simplified)

— UK tech company Micro Focus to acquire Hewlett-Packard Enterprise’s software business (notified Feb. 1/deadline March 8)


— Private equity firm Kohlberg Kravis Roberts (KKR) to acquire a stake in German market research firm GfK (notified Feb. 2/deadline March 9/simplified)

— U.S. aircraft component maker Rockwell Collins to acquire U.S. aircraft interior maker B/E Aerospace (notified Feb. 2/deadline March 9/simplified)


— Denmark’s Dong Energy, Australian investment bank Macquarie Group Ltd and Taiwanese chemicals company Swancor Ind Co Ltd to jointly acquire a Taiwanese offshore wind farm Formosa 1 Wind Power Co Ltd (notified Feb. 3/deadline March 10/simplified)

— Slovenian energy group Petrol to take majority stake in natural gas wholesaler Geoplin (notified Feb. 3/deadline March 10)

— Fairfax Financial HOldings Ltd to acquired certain Latin American and eastern European operations of American International Group (AIG). (notified Feb. 3/deadline March 10/simplified)


— Canada’s Public Sector Pension Investment Board (PSPIB) and Teachers Insurance and Annuity Association of America (TIAA) to acquire joint control of U.S. data centre operator Vantage Data Centers Holding Company (notified Feb. 6/deadline March 13/simplified)

— Finnish fibre materials company Ahlstrom to merge with Finnish specialty paper maker Munksjo (notified Feb. 6/deadline March 13)

— Private equity firms KKR and KSL Capital Partners IV to acquire joint control of U.S. hospitality operator Apple Leisure Group (notified Feb. 6/deadline March 13/simplified)

— French banking mutual group Credit Mutuel Arkea and private equity firm Bridgepoint to acquire joint control of French consultancy Groupe Primonial (notified Feb. 6/deadline March 13/simplified)

— Japan’s Mitsui Group to acquire a stake in UK train operator Group Anglia Rail Holdings from Dutch state-owned public transport firm Abellio (notified Feb. 2/deadline March 13/simplified)

— German engineering company Siemens to merge assets with Spain’s Gamesa to form the world’s largest wind turbine maker (notified Feb. 6/deadline March 13)


— U.S. asset manager The Blackstone Group to acquire German property developer Officefirst Immobilien AG (notified Feb. 7/deadline March 14/simplified)

— Private equity firm HIG Capital to acquire IT security products maker Infinigate Holding AG (notified Feb. 7/deadline March 14/simplified)


— Australian investment bank Macquarie Group and the UK’s National Grid to acquire joint control of National Grid’s gas distribution business (notified Feb. 9/deadline March 16)


— U.S. wireless carrier AT&T to acquire U.S. broadcaster and TV studio Time Warner (notified Feb. 10/deadline March 17/simplified)


— Private equity firms Advent International Corp and Bain Capital to jointly acquire German payment group Concardis (notified Feb. 13/deadline March 20/simplified)

— General Electric Co to acquire rotor blade maker LM Wind Power Holding



February 24, 2017 / M&A