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EU mergers and takeovers (Sept 2)

Mon, 02nd Sep 2013 10:49

BRUSSELS, Sept 2 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- Swedish refiner Nynas to purchase certain assets fromRoyal Dutch Shell's Harburg refinery (approved Sept 2)

NEW LISTINGS

None

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

SEPT 6

-- U.S. electronic parts distributor Avnet Inc. tobuy German peer MSC Investoren GmbH (notified Aug. 1/deadlineSept. 6)

SEPT 9

-- M&G Investment Management Ltd, which is a subsidiary ofBritish insurer Prudential plc, to acquire sole controlof medical product maker Alliance Medical (notified Aug.2/deadline Sept. 9/simplified)

-- Spanish lender Banco Popular and Credit Mutuelto acquire joint control of an ATM business in Spain (notifiedAug. 2/deadline Sept. 9/simplified)

SEPT 10

-- Spanish water treatment services company Aqualia andJapanese trading house Mitsui to acquire joint controlof Czech water treatment services providers SeveromiravkseVodovody A Kanalizace (SmVaK) and AII Ostrava (notified Aug.5/deadline Sept. 10/simplified)

SEPT 12

-- Private equity firm Platinum Equity to buy advertisingagency CBS Outdoor (notified Aug. 7/deadline Sept.12/simplified)

-- Private equity firm Platinum Equity LLC to buy outdooradvertising services provider CBS Outdoor (notified Aug.7/deadline Sept. 12/simplified)

SEPT 16

-- Norwegian fish farmer Marine Harvest to increaseits stake in Norwegian salmon farmer Morpol ASA (notified Aug.9/deadline Sept. 16)

SEPT 17

-- U.S. bank JP Morgan Chase & Co to acquireindirect majority stake in British frozen food manufacturerFindus Group Limited (notified Aug. 12/deadline Sept.17/simplified)

SEPT 19

-- Russia's United Petrochemical Company and Mexican holdingcompany Grupo Petrotemex S.A. to form a joint venture(notified Aug. 14/deadline Sept. 19/simplified)

SEPT 20

-- French rail company SNCF to buy a stake in railfreight transport company CRT, which is a subsidiary of Frenchholding company Comsa-EMTE CRT (notified Aug. 16/deadline Sept.20/simplified)

-- Soft drinks manufacturer Refresco Group to acquire rivalPride Foods (notified Aug. 16/deadline Sept. 20)

-- British mobile telecoms provider Vodafone to buyGerman cable company Kabel Deutschland (notified Aug.16/deadline Sept. 20)

SEPT 23

-- Private equity firm Bregal to buy boiler maker ISG(notified Aug. 19/deadline Sept. 23/simplified)

-- Nordic insurer IF P&C Holding Ltd to acquire sole controlof Danish insurer Topdanmark (notified Aug. 19/deadlineSept. 23)

-- German tank storage provider Oiltanking, which is ownedby German privately owned company Marquard & Bahls AG, andinvestment funds group Macquarie to set up a joint venture(notified Aug. 19/deadline Sept. 23/simplified)

SEPT 26

-- Argentine meat producer JBS SA to buyBrazilian poultry and pork producer Seara Brasil and leatherproducts maker Columbus Netherlands B.V. (Zenda) from MarfrigAlimentos SA (notified Aug. 22/deadline Sept.26/simplified)

SEPT 30

-- Japanese trading house Marubeni to acquire jointcontrol of Portuguese energy producer National PowerInternational Holdings B.V. (NPIH) from French energy group GDFSuez (notified Aug. 26/deadline Sept. 30/simplified)

-- Chinese telecoms equipment maker ZTE Services DeutschlandGmbH to buy German Alcatel-Lucent Network Services from Germantelecom equipment maker Alcatel-Lucent Holding GmbH (notifiedAug. 26/deadline Sept. 30/simplified)

OCT 2

-- Investment bank Goldman Sachs and private equity firm TPGLundyCo and British real estate investor Max Property Group Plcto acquire joint control of hospital leasor MPG HospitalHoldings Ltd (notified Aug. 28/deadline Oct. 2/simplified)

OCT 16

-- Greek carrier Aegean Airlines to buy OlympicAir (notified Feb. 28/deadline extended for the secondtime to Oct. 16 from Sept. 25 after Aegean offered additionalcommitments)

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.

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