November 3, 2015 / 12:37 PM / 2 years ago

EU mergers and takeovers (Nov 3)

BRUSSELS, Nov 3 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- U.S. private investment fund Sun Capital to acquire Finlays Horticulture (approved Oct. 29

NEW LISTINGS

-- Investment firm Oaktree Capital Group, Swedish builder Skanska and hotel operator Starwood Hotels & Resorts Worldwide to acquire Polish hotel operator Hotel Atrium (notified Oct. 30/deadline Dec. 7/simplified)

EXTENSIONS AND OTHER CHANGES

-- Cable telecoms company Liberty Global's Belgian subsidiary Telenet to buy mobile network operator Base from Dutch group KPN (notified Aug. 17/deadline extended to March 17 from March 3)

-- U.S. chipmaker Avago Technologies to acquire U.S. peer Broadcom Corp (notified Oct. 2/deadline extended to Nov. 23 from Nov. 9 after Avago offered concessions)

-- Commodity trader Trafigura to increase its stake in Belgian zinc producer Nyrstar (notified Oct. 26/deadline Dec. 1/companies withdrew filing on Oct. 30)

FIRST-STAGE REVIEWS BY DEADLINE

NOV 9

-- Coca-Cola Enterprises, Coca-Cola Iberian Partners, German bottler Coca-Cola Erfrischungsgetraenke AG and Icelandic bottler Vífilfell hf to merge (notified Oct. 2/deadline Nov. 9)

NOV 13

-- U.S. data center operator Equinix to acquire British peer Telecity Group (notified Sept. 24/deadline extended to Nov. 13 from Oct. 29 after Equinix offered concessions)

-- Japanese steel producer Marubeni-Itochu Steel and Sumitomo Corp to combined their domestic Japanese steel building materials businesses (notified Oct. 8/deadline Nov. 13)

NOV 16

-- BT Pension Scheme and Canada Pension Plan Investment Board to acquire a London property (notified Oct. 9/deadline Nov. 16/simplified)

-- U.S. industrial group Honeywell to acquire the Elster utility consumption metering business of British company Melrose Industries Plc (notified Oct. 9/deadline Nov. 16)

NOV 17

-- Swiss insurer ACE to acquire U.S. peer Chubb notified Oct. 12/deadline Nov. 17/simplified)

NOV 18

-- Insurance broker Willis Group to acquire financial management services provider Towers Watson & Co (notified Oct. 13/deadline Nov. 18/simplified)

-- Belgian chemical group Solvay to acquire U.S. peer Cytec (notified Oct. 13/deadline Nov. 18)

NOV 20

-- China's HNA Group to acquire Swiss air cargo handler Swissport International (notified Oct. 15/deadline Nov. 20)

NOV 23

-- Finland's Fortum and Lithuanian state-owned energy group Lietuvos Energija to set up a joint venture (notified Oct. 16/deadline Nov. 23)

-- Apollo Capital Management and hotel management company Redefine BDL Hotels UK Ltd to acquire joint control of British hotel operator LRG Finance (notified Oct. 16/deadline Nov. 23/simplified)

NOV 26

-- Bain Capital Investors to acquire car parts distributor Autodistribution Group (notified Oct. 21/deadline Nov. 26/simplified)

NOV 27

-- Panasonic Healthcare, which is backed by private equity firm KKR, and Japan's Panasonic Corp, to acquire Bayer's diabetes care business (notified Oct. 22/deadline Nov. 27)

NOV 30

-- Austrian insurer Generali Holding Vienna's Generali Pensionskasse AG subsidiary and Zürich Versicherungs-Aktiengesellschaft's BONUS Pensionskassen unit to merge (notified Oct. 23/deadline Nov. 30/simplified)

-- Canadian car parts supplier Magna International to acquire car parts maker Stadco Automotive Ltd (notified Oct. 23/deadline Nov. 30/simplified)

-- The Carlyle Group to acquire PA Consulting (notified Oct. 23/deadline Nov. 30/simplified)

DEC 1

-- Swiss chemicals company Ineos to acquire UK North Sea gas fields from the DEA Group (notified Oct. 26/deadline Dec. 1/simplified)

DEC 3

-- French supermarket chain Carrefour to acquire French electronic products retailer Rue du Commerce (notified Oct. 28/deadline Dec. 3/simplified)

DEC 23

-- U.S. drinks can maker Ball Corp to acquire British rival Rexam Plc (notified June 15/deadline extended for the second time to Dec. 23 from Dec. 9)

JAN 13

-- U.S. packages delivery company FedEx to acquire Dutch peer TNT (notified July /deadline extended to Jan. 13 from Dec. 8 after the companies asked for more time)

JAN 18

-- South African paper maker Mondi to acquire some assets from portfolio company Walki (notified July 29/deadline extended to Jan. 18 from Sept. 2 after the European Commission opened an in-depth investigation)

FEB 10

-- U.S. office supplier Staples to acquire U.S. rival Office Depot (notified Aug. 21/deadline extended to Feb. 10 from Sept. 25 after the European Commission opened an in-depth investigation)

MARCH 16

-- Hutchison Whampoa to acquire Telefonica's O2 UK subsidiary (notified Sept. 11/deadline extended for the third time to March 16 from Oct. 30 after the European Commission opened an in-depth investigation)

SUSPENDED

-- Oilfield services provider Halliburton to buy rival Baker Hughes in a stock and cash transaction (notified July 23/deadline suspended after the companies provided insufficient information)

-- SOCAR, Azerbaijan's state energy company, to buy stakes in Greek natural gas grid operator DESFA from Greek natural gas utility 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 working days to 35 working days, to consider either a company's proposed remedies 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 the clearance of uncontroversial first-stage mergers without giving any reason for its decision. Cases may be reclassified as non-simplified - that is, ordinary first-stage reviews - until they are approved. (Compiled by Foo Yun Chee)

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