EU mergers and takeovers (Jan 30)


BRUSSELS, Jan 30 (Reuters) - The following are mergers under review by the European Commission, and a brief guide to the EU merger process:




-- United Arab Emirates investment firm International Petroleum Investment Co to acquire German industrial services provider MAN Ferrostaal AG (notified Jan. 23/deadline Feb. 27)

-- U.S. private equity fund One Equity Partners II LP, controlled by JPMorgan Chase & Co , to acquire U.S. carbon black producer Columbian Chemicals Holding LLC (notified Jan. 26/deadline March 2/simplified)

-- Italian helicopter maker Agusta SpA and CAE Aviation Training BV, a Dutch provider of aerospace simulator technology, acquire joint control over Italian flight simulator operator Rotorsim Srl (notified Jan. 26/deadline March 2/simplified)

-- Czech private equity firm Penta Holding Ltd to acquire Polish windows and glass doors maker Okna Rabien (notified Jan. 27/deadline March 3/simplified)

-- German automaker Daimler AG takes joint control of Li-Tec, a German lithium-ion battery cell research and development firm currently controlled by German industrial conglomerate Evonik Industries AG (notified Jan. 22/deadline Feb. 26/simplified)


-- Sweden's Bonnier AB and Norway's Schibsted ASA , both international media groups, acquire joint control of Retriever Sverige AB, a supplier of digital media monitoring, archives and business intelligence services in Sweden (notified Dec. 15/deadline Jan. 29/in-depth probe opened Jan. 29/deadline June 15)



-- French drugmaker Sanofi-Aventis buys pharmaceutical company Zentiva (notified Sept. 5/deadline Jan. 21/on Jan. 16, 10 days extension/new deadline Feb. 4)


-- Japan's Otsuka Pharmaceutical Co to buy Nardobel SAS, a French maker of dietary food products (notified Dec. 23/deadline Feb. 6)

-- German logistics services holding company Kuehne Holding AG ; the city of Hamburg's investment and holding company HGV Hamburger Gesellschaft fur Vermogens- und Beteiligungsmanagement mbH, and tourism firm TUI AG acquire joint control of German container shipping firm Hapag-Lloyd AG (notified Dec. 23/deadline Feb. 6)

-- Canadian pension fund manager OPSEU Pension Plan Trust Fund; Deutsche Bank AG of Germany; UK financial services group Lloyds TSB and Antin Infrastructure Partners FCPR, an investment fund sponsored by French bank BNP Paribas , jointly acquire Porterbrook Leasing Co Ltd and subsidiaries, which supply operating leases for railway rolling stock and equipment to British train operators (notified Dec. 23/deadline Feb. 6/changed to non-simplified on Jan. 27)


-- Blackfriars Corp, a British wholesaler and distributor of electrical and plastic products that is part of the U.S. Blackfriars Group, acquires Vink Holding BV, a Dutch distributor of semi-finished plastic products, and its subsidiaries Vink Nordic Holding AS in Denmark and Vink Kunststoffe GmbH in Germany (notified Jan. 5/deadline Feb. 9/simplified)

-- Slovakian construction firm Doprastav a.s., belonging to the DDM Group, and Czech construction services provider Ceskomoravsky beton a.s. take joint control of a Slovakian maker and distributor of ready-mixed concrete, TBG Doprastav a.s. (notified Jan. 5/deadline Feb. 9/simplified)

FEB 10

-- Italian cruise ship operator Costa Crociere SpA, controlled by the U.S. Carnival Corp ; and Swiss cruise ship operator MSC Crociere SA, controlled by Mediterranean Shipping Company Holding SA, take joint control of Marseille Provence Cruise Terminal SAS, a newly created French venture that manages a cruise terminal in Marseille (notified Jan. 6/deadline Feb. 10/simplified)

FEB 12

-- Dutch financial services group Rabobank International Holding BV [RABN.UL] acquires sole control of Poland's Bank Gospodarki Zywnosciowej SA, which specialises in providing banking services to rural areas. The bank was jointly controlled by Rabobank and the state treasury of Poland. (notified Jan. 8/deadline Feb. 12/simplified)

FEB 17

-- Mubadala Development Corporation PJSC, a United Arab Emirates direct principal investments firm, and Rolls-Royce plc , a British turbine maker, acquire joint control of JVCO, a United Arab Emirates supplier of aftermarket services for large commercial aircraft engines (notified Jan. 13/deadline Feb. 17)

FEB 18

-- Japanese electronics maker Hitachi Ltd to acquire control of part of Japanese power-driven tools manufacturer Hitachi Koki Co Ltd (notified Jan. 14/deadline Feb. 18/simplified)

-- French cosmetic and hygiene products firm Johnson & Johnson Consumer France, controlled by U.S. Johnson & Johnson group , acquires French feminine protection products companies Vania and Polive as well as activities in Belgium and Luxembourg of French feminine protection products company Georgia Pacific France (notified Jan. 14/deadline Feb. 18)

-- Venture capital firm Citi Infrastructure Partners, controlled by U.S. Citigroup , to acquire part of the Spanish infrastructure undertaking Itinere Infraestructuras (notified Jan. 14/deadline Feb. 18/simplified)

FEB 20

-- French capital investment firm Serendipity Investment SAS, controlled by Bouygues Group and Financiere Pinault Group, and French TV sports broadcaster Eurosport SA, controlled by Bouygues Group, take joint control of French undertaking SPS (notified Jan. 16/deadline Feb. 20/simplified)

FEB 23

-- U.S. health care products firm Abbott seeks to acquire U.S. eye health care products firm Advanced Medical Optics (notified Jan. 19/deadline Feb. 23/simplified)

FEB 25

-- French banking and insurance products and services provider Credit Mutuel to acquire French consumer credit products and services provider Cofidis [OTTOIC.UL] (notified Jan. 21/deadline Feb. 25)

FEB 26

-- German chemical products company BASF SE to acquire Swiss specialty chemicals firm Ciba Holding (notified Jan. 22/deadline Feb. 26)

-- Czech electricity company CEZ and Turkish energy and chemicals firm Akkok acquire joint control of Turkish electricity company Akenerji Elektrik Uretim . Subsequently, CEZ and Akkok acquire joint control of Turkish electricity company Sedas (notified Jan. 22/deadline Feb. 26/simplified)

FEB 27

-- J. Aron & Co, controlled by the U.S. Goldman Sachs Group , to acquire control of substantially all the assets of the international commodities business of U.S. Constellation Energy Commodities Group (notified Jan. 23/deadline Feb. 27/simplified)


-- German airline Lufthansa AG to acquire Belgian air transport company SN Airholding SA/NV, which controls Brussels Airlines (notified Nov. 26/deadline Jan. 12/extended on Jan. 6/new deadline Jan. 26/in-depth probe opened Jan. 27/deadline June 10)



The European Commission has 25 working days after a deal is filed for a first-stage review. It may extend that 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.


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.



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