February 9, 2015 / 3:01 PM / 3 years ago

EU mergers and takeovers (Feb 9)

BRUSSELS, Feb 9 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

None

NEW LISTINGS

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

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

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

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

FEB 12

-- European private equity firm CVC Capital Partners to buy Finnish insulation material maker Paroc for enterprise value of some 700 million euros. (notified Jan. 8/deadline Feb. 12)

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 British brickmaker Ibstock Group from Irish buidling supplies group CRH (notified Jan. 12/deadline Feb. 16/simplified)

FEB 17

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

FEB 18

-- Canadian asset manager Brookfield Infrastructure Fund to acquire broadcasting and wireless telecom infrastructure platform operator TDF S.A.S.(notified Jan. 14/deadline Feb. 18/simplified)

FEB 19

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

FEB 20

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

FEB 23

-- U.S. conglomerate General Electric to acquire most of French engineering group Alstom’s power equipment business (notified Jan. 19/deadline Feb. 23)

-- Commodities trader Cargill to buy rival Archer Daniels Midland Co’s global chocolate business (notified Jan. 19/deadline Feb. 23)

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

FEB 25

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

FEB 26

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

FEB 27

-- Canadian private equity firm Onex Corp to acquire 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 50 percent stake in Belgian broadcasting company De Vijver Media (notified Aug. 18/deadline extended for the second time to March 5 from Feb. 5)

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

-- Belgian telecoms group Telenet, which is a subsidiary of U.S. cable group Liberty Global, to acquire 50 percent stake in Belgian broadcasting company De Vijver Media (notified Aug. 18/deadline extended for the second time to March 5 from Feb. 5/companies submitted concessions on Nov. 24)

APRIL 30

-- French telecoms operator Orange to acquire Spanish provider Jazztel (notified Oct. 16/deadline extended to April 30 from April 24 after the Commission resumed its scrutiny after a four-day halt)

MAY 13

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

JUNE 26

-- PRS for Music Ltd (PRSfM), Foreningen Svenska Tonsattares Internationella Mysikbyra (Stim) and Gesellschaft für musikalische Aufführungs- und mechanische Vervielfältigungsrechte (Gema) to set up a joint venture to administer 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 stakes in Greek natural gas grid operator DESFA from Greek natural gas utility DEPA (notified Oct. 1/deadline suspended on Jan. 21)

-- U.S. orthopaedic products maker Zimmer Holdings to acquire rival Biomet Inc (notified Aug. 29/deadline suspended from Dec. 2, 2014, commitments offered on Dec. 3)

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 Philip Blenkinsop)

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