EU mergers and takeovers (May 25)

BRUSSELS | Mon May 25, 2009 9:41am EDT

BRUSSELS May 25 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS:

NEW LISTINGS:

-- U.S. industrial conglomerate General Electric (GE.N); media group News Corp (NWSA.O) and entertainment giant The Walt Disney Co (DIS.N) take joint control of U.S.-based video website Hulu LLC, currently controlled jointly by GE and News Corp (notified May 19/deadline June 26/simplified)

EXTENSIONS AND OTHER CHANGES:

None

FIRST-STAGE REVIEWS BY DEADLINE:

MAY 27

-- U.S. agricultural products company Archer Daniels Midland (ADM.N) to acquire three German chocolate companies collectively referred to as Schokinag (notified April 17/deadline May 27)

-- German carbon-based products manufacturer SGL Carbon (SGCG.DE) and Italian brake maker Brembo (BRBI.MI) to acquire joint control of Italian Brembo Ceramic Brake Systems (notified April 17/deadline May 27)

-- Cyprus-based Bithell Holdings Ltd, belonging to Polish media and telecommunications group Grupa Polsat, and Polish company Thomson Technicolor Polska Sp, belonging to the French Thomson Group TMS.PA, to acquire joint control of Polish digital signage company PRN Polska Sp (notified April 17/deadline May 27/simplified)

MAY 28

-- Danish shipping company Vesterhavet A/S and Danish freight forwarder DSV A/S (DSV.CO) to acquire joint control of Danish sea shipping company DFDS A/S (DFDS.CO) (notified Jan. 30/deadline March 6/declared incomplete Feb 20/new deadline May 28)

MAY 29

-- A subsidiary of energy group CEZ (CEZPsp.PR) and Czech investment advisory firm JTIA acquire joint control of Dutch company MIBRAG B.V. and its wholly owned German lignite mining subsidiary Mitteldeutsche Braunkohlengesellschaft mbH, currently controlled jointly by independent power producer NRG Energy Inc (NRG.N) and engineering and construction firm URS Corp (URS.N), both of the U.S. (notified April 21/deadline May 29/simplified)

JUNE 3

-- U.S. diversified technology and services provider GE (GE.N) and United Arab Emirates investment fund Mubadala Development Co PJSC to acquire joint control of a new Abu Dhabi-based financial services venture (notified April 23/deadline June 3/simplified)

JUNE 5

-- German solar energy company Q-Cells SE (QCEG.DE), Dutch renewable energy company Good Energies Investments BV and Norwegian solar power group NorSun AS take joint control of Sunfilm AG, a German maker of solar modules using silicon technology (notified April 27/deadline June 5/simplified)

JUNE 8

-- Swedish state-owned electricity and gas company Vattenfall AB [VATN.UL] to acquire N.V. Nuon Energy, a Dutch regional authority-owned energy firm (notified April 28/deadline June 8)

JUNE 9

-- German utility company RWE (RWEG.DE) to acquire Dutch counterpart Essent (notified April 29/deadline June 9)

JUNE 10

-- French state-owned insurance, real estate and capital investment group Caisse des Depots et Consignations [CDCEC.UL] (CDC); state-owned weather information provider Meteo France and U.S. stocks and derivatives market operator NYSE Euronext (NYX.N)(NYX.PA) take joint control of Metnext, which develops products to help managers anticipate the impact of weather on businesses (notified April 30/deadline June 10/simplified)

JUNE 11

-- Rail company Voyage France Europe Partenaires, belonging to French state-owned railway operator SNCF [SNCF.UL], and holding firm Bollore SA (BOLL.PA) acquire joint control of a French venture to market and operate an Internet access service on high-speed trains (notified May 4/deadline June 11/simplified)

JUNE 12

-- German transport and freight forwarding company Deutsche Bahn Mobility Logistics AG, belonging to Deutsche Bahn AG [DBN.UL], to acquire Polish logistics operations; PCC Rail S.A., PCC Rail Rybnik S.A. and Trawipol Sp, all known as PCC Logistics Poland, belonging to German logistics operator PCC SE (ZM9Eg.F). (notified May 5/deadline June 12)

JUNE 17

-- German carrier Deutsche Lufthansa AG (LHAG.DE) to acquire counterpart Austrian Airlines AUAV.VI (notified May 8/ deadline June 17)

-- Bahamas-based investment company Renova Industries, belonging to the Russian Renova Group, to acquire Swiss engineering company Sulzer AG (SUN.S) (notified May 8/deadline June 17)

JUNE 18

-- French nuclear power company Areva SA CEPFi.PA acquires sole control of nuclear plant safety and engineering firm Areva NP, formerly controlled jointly by Areva SA and Siemens AG (SIEGn.DE) (notified May 11/deadline June 18/simplified)

-- U.S. petrochemical company Access Industries and Jersey-registered ProChemie Holding Ltd to take joint control of petrochemical group LyondellBasell Industries AF S.C.A. (notified May 11/deadline June 18/simplified)

SECOND-STAGE REVIEWS BY DEADLINE:

JULY 1

-- German airline Lufthansa AG (LHAG.DE) 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 10/15 working days extension/new deadline July 1)

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 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.

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