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EU mergers and takeovers (Dec 26)

BRUSSELS, Dec (Shanghai: 600875.SSnews) 26 (Reuters) – The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:

APPROVALS AND WITHDRAWALS

— Denmark’s DSV (Other OTC: DSDVYnews) , a global freight and logistics firm, buys
UTi Worldwide Inc (NasdaqGS: UTIWnews) . of the British Virgin Islands. (approved
Dec. 23, simplified.)

— Investment firms Intermediate Capital Group (‘ICG (LSE: 138026.Lnews) ‘) of
Britain and capiton AG of Germany acquire Prefere Resins Holding
GmbH, a manufacturer of phenolic and amino resins for the
construction and insulation industries. (approved Dec. 23,
simplified)

— Private investment company KKCG of Cyprus and Taiwanese
technology company Hon Hai Precision Industry Co,
which is also known as Foxconn, to set up a joint venture in the
Czech Republic (approved Dec. 23, simplified)

— Banking group Goldman Sachs (NYSE: GS-PBnews) and British charitable
foundation The Wellcome Trust to form a joint venture (approved
Dec. 23, simplified)

— French company Caisse des Dépôts et Consignations to
acquire 49.9 percent stakes in three wind and solar power
companies from French wind and solar farm operator La Compagnie
du Vent (approved Dec. 23, simplified)

— Novartis (LSE: 0QLR.Lnews) to buy remaining rights to Ofatumumab from
Britain’s GlaxoSmithKline (Amsterdam: GO8.ASnews) (Approved Dec. 21, simplified)

— Japanese trading company Sumitomo Corp and
Japan’s Sumitomo Mitsui Banking Corp to acquire
joint control of Indonesian motorcycle financing company PT
Summit Oto Finance and Indonesian car financing company PT Oto
Multiartha, which are now solely controlled by Sumitomo Corp
(Approved Dec. 21, simplified)

— Swedish private equity firm Ratos AB (Stockholm: RATO-A.STnews) and
Finnish insurer Varma Mutual Pension Insurance Company to
jointly acquire Swedish real estate developer Serena Properties
AB (Approved Dec. 21, simplified)

NEW LISTINGS

— Oilfield services company Schlumberger (LSE: 0CT7.Lnews) to buy equipment
maker Cameron International (notified on Dec. 23/deadline Feb.
5)

— Mannai Corporation to buy majority stake in France-based
provider of information technology Gfi Informatique
from Apax Partners, LLP and Boussard & Gavaudan Holding Limited
(notified on Dec. 22/deadline Feb. 2/simplified)

— U.S (Other OTC: UBGXFnews) .-based Computer developer Western Digital (Swiss: WDC.SWnews) to acquire
outstanding shares of SanDisk (NasdaqGS: SNDKnews) , designer of data storage
products. (notified on Dec. 22/deadline Feb. 4)

— Investment fund CVC Capital Partners Ltd to buy
40 percent stake in motorway services provider Moto with UK
private sector pension fund USS (notified Dec. 18/deadline Feb.
2/simplified)

— Canada’s Alimentation Couche Tard to acquire Topaz Energy
Group Limited (notified Dec. 18/deadline Feb. 2/simplified)

— Spain’s Red Electrica Corporacion’s Chilean subsidiary
and Engie (Other OTC: ENGIYnews) to take joint control of TEN (notified Dec.
18/deadline Feb. 2/simplified)

— Dutch provider of temporary employment services Randstad
to acquire Sweden’s Proffice (notified Dec.
18/deadline Feb. 2/simplified)

— Canadian fund CDPQ to acquire 30 percent stake in
Bombardier (Toronto: BBD-A.TOnews) ‘s rail transportation business for $1.5
billion (notified Dec. 17/deadline Feb. 1)

EXTENSIONS AND OTHER CHANGES

None

FIRST (Other OTC: FSTCnews) -STAGE REVIEWS BY DEADLINE

JAN 11

— Italian state-owned investment fund Fondon Strategico
Italiano to acquire a stake in Italian oil contractor Saipem (Amsterdam: QG6.ASnews)
from state-controlled oil company Eni (Swiss: ENI.SWnews)
(notified Nov. 26/deadline Jan. 11/simplified)

JAN 12

— U.S. conglomerate Berkshire Hathaway (Sao Paolo: BERK34F.SAnews) to acquire
U.S. aerospace parts maker Precision Castparts (NYSE: PCPnews) (notified
Nov. 27/deadline Jan. 12)

— Oilfield services provider Halliburton (Hanover: HAL.HAnews) to buy
rival Baker Hughes in a stock and cash transaction
(notified Nov. 27/deadline Jan. 12)

JAN 13

— U.S. packages delivery company FedEx (Swiss: FDX.SWnews) to acquire
Dutch peer TNT (notified July /deadline extended to
Jan. 13 from Dec. 8 after the companies asked for more time)

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

JAN 14

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

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

JAN 19

— French IT services firm Atos (Paris: FR0000051732news) to acquire
communications firm Unify (notified Dec 4/deadline Jan.
19/simplified)

— Saudi Aramco to acquire Lanxess (Other OTC: LNXSFnews) ‘s 50
percent stake in the world’s largest synthetic rubber business
(notified Dec 4/deadline Jan. 19/simplified)

— Panalpina to acquire majority of shares in
Airflo, an airfreight forwarder specialising in
perishables.(notified Dec 4/deadline Jan. 19/simplified)

— Spanish travel technology company Amadeus to
acquire airline technology services Navitaire which is a
subsidiary of Accenture Plc (NYSE: ACNnews) (notified Dec. 4/deadline
Jan. 19)

— German industrial products maker Freudenberg and Japanese
chemical industry group Toray Industries (Other OTC: TRYIFnews) to acquire
join control of industrial material maker Japan Vilene Co
(notified Dec. 4/deadline Jan. 19/simplified)

JAN 20

— Creation of a joint venture between Lov Group Invest SAS
and De Agostini for the production and distribution of content
for television and multimedia platforms (notified Dec 7/deadline
Jan. 20)

JAN 21

— Lone Star Fund IX to acquire British fuel service station
operator MRH Ltd (notified Dec. 8/deadline Jan. 21/simplified)

JAN 22

— Investment bank Goldman Sachs and private equity
firm Astorg Asset Management to jointly acquire French drugmaker
HRA Pharma (IPO-LABOR.PA) (notified Dec. 9/deadline Jan.
22/simplified)

— Japan’s Mitsubishi Heavy Industries (Other OTC: MHVYFnews) to acquire
Japanese forklift maker Unicarriers Holdings (notified Dec.
9/deadline Jan. 22/simplified)

— U.S. drinks can maker Ball Corp (NYSE: BLLnews) to acquire
British rival Rexam Plc (LSE: REX.Lnews) (notified June 15/deadline
extended for the third time to Jan 22 from Dec. 23 after
companies submitted commitments)

JAN 25

— German wind turbine maker Nordex (Swiss: NDX1.SWnews) to acquire
Spanish firm Acciona (Amsterdam: AN6.ASnews) ‘s wind power business (notified
Dec. 10/deadline Jan. 25/simplified)

JAN 26

— Belgian insurer Ageas (Other OTC: AGESFnews) to acquire French insurer
Axa (Paris: FR0000120628news) ‘s Portuguese operations (notified Dec. 11/deadline
Jan. 26/simplified)

JAN 29

— Steelmaker ArcelorMittal and a group made up of
Banco Bilbao Vizcaya Argentaria, Banco de Sabadell (Other OTC: BNDSFnews)
, Banco Santander (Amsterdam: 817651.ASnews) , Banco Popular Espanol
, Bankia (Amsterdam: QU8.ASnews) , Caixabank (Amsterdam: CB6.ASnews) , Bankinter (Amsterdam: BI6.ASnews)
caja, Caja Rural de Navarra and Kutxabank
to jointly acquire steel tube maker Grupo Condesa
(notified Dec. 16/deadline Jan. 29)

MARCH 3

— Cable telecoms company Liberty Global (NasdaqGS: LBTYAnews) ‘s Belgian
subsidiary Telenet (Other OTC: TLGHYnews) to buy mobile network operator Base
from Dutch group KPN (notified Aug. 17/deadline
extended to March 17 from March 3)

MARCH 9

— U.S. office supplier Staples (NasdaqGS: SPLSnews) to acquire U.S.
rival Office Depot (NasdaqGS: ODPnews) (notified Aug. 21/deadline extended
for the third time to March 9 from March 2 after the companies
asked for more time)

APRIL (LSE: 0N69.Lnews) 22

— Hutchison Whampoa to acquire Telefonica (Amsterdam: TA6.ASnews) ‘s
O2 UK subsidiary (notified Sept. 11/deadline extended
for the fifth time to April 22 from April 18)

SUSPENDED

— SOCAR, Azerbaijan’s state energy company, to buy stakes
in Greek natural gas grid operator DESFA from Greek natural gas
utility DEPA (notified Oct (HKSE: 3366-OL.HKnews) . 1/deadline suspended on Jan. 21)

GUIDE TO EU MERGER PROCESS

DEADLINES:

The European Commission has 25 working days after a deal is
filed for a first-stage review. It (Other OTC: ITGLnews) may extend that by 10 working
days to 35 working days, to consider 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
additional working days, which it may extend to 105 working
days.

SIMPLIFIED:

Under the simplified procedure, the Commission announces the
clearance of uncontroversial first-stage mergers without giving
any reason for its decision. Cases may be reclassified as
non-simplified – that is, ordinary first-stage reviews – until
they are approved.

(Compiled by Brussels newsroom)

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