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EU mergers and takeovers (June 18)

Wed Jun 18, 2008 8:29pm IST
 
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BRUSSELS, June 18 (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:

-- Vienna Insurance Group (VIGR.VI: Quote, Profile, Research) of Austria buys a series of insurance companies in Romania, the Czech Republic, Slovakia and Hungary from Erste Bank der Oesterreichischen Sparkassen of Austria (approved June 17)

-- L'Oreal (OREP.PA: Quote, Profile, Research), a French cosmetics firm, purchases YSL Beaute, a perfume and luxury cosmetics maker (approved June 18)

-- U.S. office supplies retailer Staples Inc (SPLS.O: Quote, Profile, Research) seeks to buy control of Corporate Express CXP.AS of the Netherlands, which distributes office supplies to large companies (approved June 18)

-- U.S.-based private equity fund Warburg Pincus [WP.UL] buys JPMP SK Holding Ltd, a British leaser and servicer of parts and component cleaning machines for automotive and general industrial customers (approved June 18)

-- Goldman Sachs Group Inc (GS.N: Quote, Profile, Research), the U.S. investment bank, and Candover Partners (CDI.L: Quote, Profile, Research), a global private investment firm, acquire joint control of Expro International Group PLC EXR.L, a British oil services company (approved June 18)

  Continued...

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