Reuters: Private Equity: EU mergers and takeovers (March 21)

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EU mergers and takeovers (March 21) Mar 21st 2012, 17:41 BRUSSELS, March 21 | Wed Mar 21, 2012 1:41pm EDT BRUSSELS, March 21 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- French oil major Total and Russian gas producer Novatek to set up a joint venture (approved March 20) -- Japanese trading house Mitsubishi Corp, Austrian consumer goods producer Tchibo (Austria) Holding GmbH, investment vehicle ML Participacoes, investment company Paraguacu Participacoes and investment vehicle Friele Brazil AS to acquire joint control of coffee producer Ipanema (approved March 19) -- German oil trader Mabanaft Marquard & Bahls to acquire German bunker trader and supplier Bominflot (approved March 19) -- Japanese investment bank Nomura to acquire Dutch life and property insurer Delta Lloyd's life insurance and asset management businesses in Germany (approved March 16) -- Commodities and animal feed producer Forfarmers to acquire sole control of Dutch peer Hendrix from Dutch animal and fish feed producer Nutreco Nederland B.V.(approved March 16) -- Luxembourg-based chemicals distributor Ravago and Dutch peer Barentz Europe to set up a joint venture (approved March 16) -- Japanese trading house Mitsui & Co Ltd, Sanyo Special Steel Co Ltd and India's Mahindra Ugine Steel Co Ltd to set up a joint venture to be called Navyug Special Steel (approved March 15) NEW LISTINGS -- Consumer goods retailer Groupe Auchan to acquire Hungarian supermarket chain Magyar Hipermarket (notified March 9/deadline April 18) -- Danish shipping group A.P. Moller-Maersk and French group Bollore to acquire joint control of Congo Terminal (notified March 9/deadline April 18/simplified) EXTENSIONS AND OTHER CHANGES -- German sugar company Suedzucker to acquire a 25 percent stake in British commodities trading company ED&F Man (notified Sept. 19/deadline extended for the third time to May 22 from April 25 after Suedzucker offered more commitments) FIRST-STAGE REVIEWS BY DEADLINE MARCH 22 -- The Carlyle Group, Axel Paeger and investment firm Quadriga Capital IV to acquire joint control of hospital operator AMEOS (notified Feb. 16/deadline March 22/simplified) -- French building materials group Saint Gobain and Turkish glass manufacturer Trakya which is a subsidiary of Sisecam, to acquire joint control of TRSG Autoglass Holding, which will in turn acquire Russian glass importer Automotive Glass Alliance Rus ZAO (notified Feb. 16/deadline March 22/simplified) MARCH 23 -- Vivendi's Universal Music Group to buy British record label EMI's recorded music unit from Citigroup Inc (notified Feb. 17/deadline March 23) -- German commodities trader Cremer to acquire a 50 percent stake in German investment firm L Possehl (notified Feb. 17/deadline March 23/simplified) MARCH 26 -- U.S. conglomerate United Technologies Corp to acquire U.S. aircraft components maker Goodrich (notified Feb. 20/deadline March 26) MARCH 27 -- Singapore Technologies Engineering to acquire a 50.1 percent stake in aircraft engine washing business EcoServices which is now solely owned by United Technologies Corp (notified Feb. 21/deadline March 27/simplified) MARCH 28 -- Italian foodservices provider Avenance, a subsidiary of French group Elior, to acquire of French peer Gemeaz Cusin (notified Feb. 22/deadline March 28) MARCH 30 -- British Airways owner IAG to acquire Lufthansa's British unit bmi (notified Feb. 10/deadline extended to March 30 from March 16 after IAG offered commitments) -- German industrial gases maker Linde to acquire the European homecare business of U.S. peer Air Products and Chemicals (notified Feb. 24/deadline March 30) APRIL 2 -- Swiss-based electronic connector maker TE Connectivity Ltd to acquire Deutsch Group SAS from French investment group Wendel (notified Feb. 27/deadline April 2) -- A group led by Japan's Sony which includes Blackstone Group, Abu Dhabi's Mubadala Development Co., Raine Group and movie mogul David Geffen to acquire record label EMI's music publishing business (notified Feb. 27/deadline April 2) -- Danish shipping services company DFDS and Luxembourg-based terminal services operator C.Ro Ports to acquire Swedish terminal services operator Alvsborg (notified Feb. 27/deadline April 2) APRIL 3 -- Japan's Toshiba Corp to acquire some of Western Digital production equipment (notified Feb. 28/deadline April 3/simplified) APRIL 4 -- Princes Ltd, a subsidiary of Japanese conglomerate Mitsubishi Corp, to acquire food producer and distributor AR Industrie Alimentari SpA (notified Feb. 29/deadline April 4) APRIL 10 -- German insurer Talanx International and Japanese insurer Meiji Yasuda Life Insurance to acquire control of Belgian banking and insurance group KBC's Polish insurance unit Waria (notified March 1/deadline April 10) APRIL 12 -- South Korean conglomerate Samsung and U.S. company Corning to set up a new OLED glass venture (notified March 5/deadline April 12/simplified) -- German disposal company Remondis to acquire joint control of Dutch waste management services companies Sortiva and Stam Papier Recycling (notified March 5/deadline April 12/simplified) APRIL 18 -- Hungary's state-owned National Asset Management Zrt to acquire vehicle parts maker Raba (notified March 9/deadline April 18/simplified) APIRL 20 -- Goldman Sachs and private equity firm Advent International to acquire joint control of credit and information management company Transunion Corp (notified March 13/deadline April 20/simplified) APRIL 23 -- French company Bollore and shipping services company CMA CGM to acquire joint control of Terminal du Grand Quest (notified March 14/deadline April 23/simplified) APRIL 26 -- U.S. healthcare company Johnson & Johnson to acquire Swiss medical devices maker Synthes Inc (notified Sept. 27/deadline extended for the second time to April 26 from April 2 after the companies provided concessions) JUNE 4 -- Compagnia Italiana di Navigazione to acquire Italian state-owned ferry group Tirrenia (notified Nov. 20/deadline extended to June 4 from Jan. 18 after the Commission opens an in-depth probe) 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. Link this Share this Digg this Email Reprints

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