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EU mergers and takeovers (May 19)

Tue, 19th May 2015 11:40

BRUSSELS, May 19 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- French telecoms operator Orange to acquireSpanish provider Jazztel (approved May 19)

-- Spanish bank Banco Sabadell to acquire Britishpeer TSB (approved May 18)

-- Private equity firm 3i Group and German fuelstorage services provider Oiltanking GmbH to jointly acquireOiltanking Ghent and Oiltanking Terneuzen which are now solelycontrolled by Oiltanking GmbH (approved May 13)

NEW LISTINGS

-- U.S. private equity firm Lindsay Goldberg to acquireGerman metal producer VDM Metals group (notified May 18/deadlineJune 23/simplified)

-- German car parts maker Mahle Behr to acquire U.S. carparts maker Delphi's Thermal Systems unit (notified May18/deadline June 23)

-- Singapore's Flextronics to acquire Frenchtelecoms company Alcatel-Lucent's Italian assets(notified May 13/deadline June 22/simplified)

-- U.S. telecoms equipment maker CommScope Holding Co Inc to buy Swiss electronics firm TE Connectivity's networkgear business BNS (notified May 13/deadline June 22)

-- German food group Dr Oetker to acquire German frozen cakecopany Coppenrath & Wiese (notified March 20/deadline June19/simplified)

-- Finnish energy company Stl to acquire joint control ofaviation Fuelling Service Norway AS, which is part of oilproducer Royal Dutch Shell Keele Oy (notified May12/deadline June 19)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

MAY 21

-- Heinz Herrman Thiele, the owner of Knorr Bremwse, to buy rail technology provider Vossloh,(notified April 9/deadline May 21)

MAY 22

-- Luxembourg's Griffin Real Estate and U.S. investment fundPimco plan to raise their stake in Polish business spacedeveloper Echo Investment to 66 percent (notified April14/deadline May 22/simplified)

MAY 26

-- DS Smith Plc, a British maker of corrugatedcardboard, recycled paper and plastic packaging, to buyVienna-based packaging business Duropack (notified April15/deadline May 26)

MAY 28

-- U.S. flooring products maker Mohawk Industries tobuy Luxembourg-based International Flooring Systems (notifiedMarch 2/deadline May 28)

JUNE 1

-- German drugs and chemicals maker Merck KGaA toacquire U.S. peer Sigma-Aldrich (notified April21/deadline June 1)

JUNE 2

-- Private equity firm KKR to acquire negativecontrol rights in online fantasy sports services FanDuel Ltd,which is jointly owned by Comcast, Pentech Fund II LtdPartnership, Piton Capital Venture Fund, Scottish Enterprise andShamrock Capital Growth Fund (notified April 22/deadline June2/simplified)

JUNE 3

-- Deprez Holding to acquire a controlling stake in foodprocessor Greenyard Foods which is now jointly controlled byfood and vegetable supplier Univeg Holding BV and horticultureproducer Peatinvest NV (notified April 23/deadline June3/simplified)

JUNE 4

-- Bermuda-based reinsurer ParterRe Ltd and AxisCapital Holdings Ltd to merge (notified April 24/deadline June4/simplified)

JUNE 5

-- Investment funds Equistone Partners Europe to acquirestorage solutions maker Groupe Averys (notified April27/deadline June 5/simplified)

JUNE 8

-- Private equity firm Advent International to acquireAustrian bank Hypo Group Alpe Adria AG (HGAA) (notified April28/deadline June 8/simplified)

JUNE 9

-- Chemical holding company International Chemical InvestorsGroup to buy Switzerland-based Ineos' chlorovinyls business(notified April 29/deadline June 9)

-- Private equity firms IDeA Capital Funds SGR S.p.A, IPInvestimenti e Partecipazioni S.r.l. and Hunt Capital S.A. tojointly acquire orthopaedic products maker Corin Group PLC(notified April 29/deadline June 9/simplified)

JUNE 10

-- Singapore-based commodities firm Olam International Ltd to aquire Archer Daniels Midland Co's cocoabusiness (notified April 30/deadline June 10)

JUNE 11

-- U.S. metals company Alcoa to acquire U.S. titaniumsupplier RTI International Metals (notified May4/deadline June 11)

-- U.S. packaging company Plastipak to acquireSpanish peer Appe Packaging Inc(notified May 4/deadline June 11)

JUNE 16

-- Steel producers Feralpi Siderurgica and Duferco, which ispart of Swiss-based Duferco International Trading Holding, toacquire Italian peer Lucchini SpA Servola SpA (notified May7/deadline June 16/simplified)

JUNE 18

-- Canada Life Group UK Ltd, which is a unit of Great-WestLifeco Inc, to acquire Irish insurer Legal & GeneralInternational (Ireland) Ltd, which is a unit of British insurerLegal & General Group (notified May 11/deadline June18/simplified)

JUNE 26

-- PRS for Music Ltd (PRSfM), Foreningen Svenska TonsattaresInternationella Mysikbyra (Stim) and Gesellschaft fürmusikalische Aufführungs- und mechanischeVervielfältigungsrechte (Gema) to set up a joint venture toadminister mechanical and performing rights (notified Nov.28/deadline June 26/companies offer commitments on March 13)

JULY 24

-- German conglomerate Siemens to purchase U.S.oilfield equipment maker Dresser-Rand Group Inc (notified Jan. 9/deadline July 24)

AUG 6

-- Commodities trader Cargill to buy rival ArcherDaniels Midland Co's global chocolate business (notifiedJan. 19/deadline extended for the second time to Aug. 6 fromJuly 23 after the companies asked for more time)

AUG 21

-- U.S. conglomerate General Electric to acquire mostof French engineering group Alstom's power equipmentbusiness (notified Jan. 19/deadline extended for the third timeto Aug. 21 from Aug. 6)

SEPT 2

-- Norwegian telecoms company Telenor and Swedishpeer TeliaSonera to combine their Danish mobilebusinesses (notified Feb. 27/deadline extended to Sept. 2 fromAug. 19 after the companies asked for more time)

SUSPENDED

-- SOCAR, Azerbaijan's state energy company, to buy stakesin Greek natural gas grid operator DESFA from Greek natural gasutility DEPA (notified Oct. 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 may extend that by 10 workingdays to 35 working days, to consider either a company's proposedremedies 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 theclearance of uncontroversial first-stage mergers without givingany reason for its decision. Cases may be reclassified asnon-simplified - that is, ordinary first-stage reviews - untilthey are approved. (Compiled by Foo Yun Chee)

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