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EU mergers and takeovers (Feb 13)

Fri, 13th Feb 2015 11:25

BRUSSELS, Feb 13 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- Canadian asset manager Brookfield Infrastructure Fund to acquire broadcasting and wireless telecominfrastructure platform operator TDF S.A.S.(approved Feb. 13)

-- European private equity firm CVC Capital Partners to buy Finnish insulation material maker Paroc for enterprise value of some 700 million euros.(approved Feb. 12)

NEW LISTINGS

-- British bank Barclays to acquire sole control ofSpanish insurer CNP Barclays Vida y Pensiones Compania deSeguros, which is now jointly controlled by Barclays and Frenchinsurer CNP Assurances (notified Feb. 11/deadlineMarch 18/simplified)

-- British support services group DCC to buy Esso's French motorway retail network (notified Feb.2/deadline March 18/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

FEB 13

-- German conglomerate Siemens to purchase U.S.oilfield equipment maker Dresser-Rand Group Inc (notified Jan. 9/deadline Feb. 13)

FEB 16

-- Private equity firm Bain Capital to acquire Britishbrickmaker Ibstock Group from Irish buidling supplies group CRH (notified Jan. 12/deadline Feb. 16/simplified)

FEB 17

-- Private equity firm Apax Partners to acquire ScandinavianIT services provider Evry (notified Jan. 13/deadline Feb.17/simplified)

FEB 19

-- Swiss telecoms provider Swisscom and carleasing company Sixt to set up a joint venture (notified Jan.15/deadline Feb. 19/simplified)

FEB 20

-- French minerals company Imerys to acquire rivalS&B Minerals (notified Jan. 15/deadline Feb. 20)

FEB 23

-- U.S. conglomerate General Electric to acquire mostof French engineering group Alstom's power equipmentbusiness (notified Jan. 19/deadline Feb. 23)

-- Commodities trader Cargill to buy rival ArcherDaniels Midland Co's global chocolate business (notifiedJan. 19/deadline Feb. 23)

-- German DIY retailer OBI to acquire a joint venture led byBrico Business Cooperation (notified Jan. 19/deadline Feb.23/simplified)

FEB 25

-- Asset manager The Carlyle Group and private equityfirm Warburg Pincus to jointly acquire control of creditrating agency DBRS Holdings (notified Jan. 21/deadline Feb.25/simplified)

FEB 26

-- German car parts maker ZF Friedrichshafen to buyU.S. peer TRW Automotive Holdings Corp (notified Jan.22/deadline Feb. 26)

FEB 27

-- Canadian private equity firm Onex Corp toacquire aseptic filler machines maker SIG Combibloc Group AG and SIG Holding USA (notified Jan. 23/deadline Feb.27/simplified)

MARCH 5

-- Belgian telecoms group Telenet to acquire 50percent stake in Belgian broadcasting company De Vijver Media(notified Aug. 18/deadline extended for the second time to March5 from Feb. 5)

-- Daimler and Kamaz to merge twocurrently independent joint ventures, MBTV and FKTR, with newentity making Mercedes-Benz and Kamaz truck cabins in Russia aswell as integrating after-sales and spare-parts businesses(notified Jan 29/deadline March 3/simplified)

-- Belgian telecoms group Telenet, which is asubsidiary of U.S. cable group Liberty Global, toacquire 50 percent stake in Belgian broadcasting company DeVijver Media (notified Aug. 18/deadline extended for the secondtime to March 5 from Feb. 5/companies submitted concessions onNov. 24)

MARCH 12

-- Lone Star Funds to purchase German cement producerHeidelbergCement AG's construction products makerHanson Building entities (notified Feb. 5/deadline March12/simplified)

-- Spanish bank BBVA to acquire sole control ofTurkish lender Garanti Bank which is now jointlycontrolled by BBVA and Dogus Holding A.S. (notified Feb.5/deadline March 12/simplified)

-- Australian investment bank Macquarie Group andWren House, which is owned by the Kuwait Investment Authority,to jointly acquire E.ON's Iberian business (notified Feb.5/deadline March 12/simplified)

MARCH 13

-- British insurer Aviva to acquire rival FriendsLife (notified Feb. 6/deadline March 13)

-- U.S. medical equipment supplier Becton Dickinson & Co to purchase U.S. maker of infusion pumps and othermedical devices CareFusion Corp (notified Feb.6/deadline March 13)

MARCH 16

-- Irish building products group Kingspan to acquireBelgian holding company Steel Partners NV, which owns Belgianinsulated panels maker Joris Ide Group (notified Feb. 9/deadlineMarch 16)

-- Irish drugmaker Actavis to acquire botox makerAllergan (notified Feb. 9/deadline March 16)

MARCH 17

-- Japanese electronics maker Panasonic Corp andholding company Ficosa Inversion, which currently has solecontrol of Ficosa International, to acquire joint control ofSpanish car parts maker Ficosa International (notified Feb. 10/deadline March 17/simplified)

APRIL 30

-- French telecoms operator Orange to acquireSpanish provider Jazztel (notified Oct. 16/deadlineextended to April 30 from April 24 after the Commission resumedits scrutiny after a four-day halt)

MAY 13

-- Mondelez International Inc and competitor D.EMaster Blenders to merge their coffee businesses innew company called Jacobs Douwe Egberts (notified Oct.27/deadline extended for the third time to May 13 from May 6)

MAY 26

-- U.S. orthopaedic products maker Zimmer Holdings to acquire rival Biomet Inc (notified Aug.29/deadline May 26 after the companies revised theirconcessions)

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 extended for the third time to June 26 from May 29)

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 Philip Blenkinsop)

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