EU mergers and takeovers (Dec 4)

Thu Dec 4, 2008 4:38pm GMT
 
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BRUSSELS, Dec 4 (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:

APPROVALS AND WITHDRAWALS:

-- 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 (approved Dec. 4)

-- 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 (approved Dec. 4)

-- French banking group BNP Paribas SA (BNPP.PA) to buy Fortis (FOR.BR)(FOR.AS) Belgian and Luxembourg assets (conditionally approved Dec. 3)

NEW LISTINGS:

-- Danish shipping company A.P. Moller-Maersk (MAERSKb.CO) to acquire Swedish tankers and marine logistics solutions company Brostrom AB (BROb.ST) (notified Dec. 2/deadline Jan. 16)  Continued...

 

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