EU mergers and takeovers (August 11)

BRUSSELS | Tue Aug 11, 2009 7:02am EDT

BRUSSELS Aug 11 (Reuters) - The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS:

None

NEW LISTINGS:

-- French carbon emission trader Orebo, a 50/50 joint venture controlled by French banking financial services group Societe Generale (SOGN.PA) and specialty chemicals maker Rhodia RHA.PA, to take control of parts of Dutch clean energy projects developer OneCarbon International BV (notified Aug. 8/deadline Sept 8/simplified)

EXTENSIONS AND OTHER CHANGES:

None

FIRST-STAGE REVIEWS BY DEADLINE:

AUG 17

-- U.S. automaker General Motors Corp GMGMQ.PK to acquire control of the global steering business and other assets of auto components manufacturer Delphi Corp DPHIQ.PK (notified July 10/deadline Aug. 17)

AUG 18

-- British private equity firm 3i Group; and H.I.G Europe Capital Partners LP and Bayside Debt & LBO Fund II LP, belonging to the U.S.-based H.I.G. Capital group of funds, acquire joint control of Dutch magazine publisher and advertising space provider Volnay BV (notified July 13/deadline Aug. 18/simplified)

AUG 19

-- German automaker Volkswagen Group (VOWG.DE) through its subsidiary Volkswagen Bank GmbH VOWGg.F and Dutch investment and holding company Fleet Investments BV, belonging to the Metzler Group, acquire joint control of Dutch fleet leasing and management company LeasePlan Corporation NV (notified July 14/deadline Aug. 19)

AUG 20

-- United Arab Emirates investment fund Mubadala Development Co PJSC and Sikorsky Aircraft Corp, belonging to United Technologies Group (UTX.N), a U.S. aerospace technology services provider, acquire joint control of new venture MIL MRO JV to provide repair, overhaul and other services for military aircraft in the UAE (notified July 15/deadline Aug. 20/simplified)

AUG 24

-- Luxembourg ports and cargo handling operator Euroports Holding Sarl, a wholly owned subsidiary of BBI Europe Holdings (Malta II) Ltd of Luxembourg, acquires counterpart Benelux Port Holding Sarl (notified July 17/deadline Aug. 24/simplified)

AUG 25

-- Austrian leasing business Raiffeisen Leasing GmbH, belonging to Raiffeisen Zentralbank Oesterreich [RZB.UL], Austrian public utility company SAG and Swiss independent consultancy The Advisory House GmbH acquire joint control of Austrian green leasing company Mobility House GmbH and Austrian undertaking ElectroDrive Salzburg GmbH (notified July 20/deadline Aug. 25/simplified)

AUG 26

-- Centrica Resources Ltd, part of British energy utility Centrica Plc (CNA.L), to acquire North Sea gas producer Venture Production VPC.L (notified Aug. 3/deadline Aug. 26)

AUG 31

-- Luxembourg-based asset management firm Nordea Investment Funds SA, controlled by Swedish financial services group Nordea Bank AB (NDA.ST), and Italian asset management company Vegagest SGR SpA, controlled by holding companies Societa Cattolica di Assicurazione soc. coop, Cassa di Risparmio di Ferrara SpA [FNZCRF.UL] and Cassa di Risparmio di San Miniato [FICDRC.UL], acquire joint control of Systema Asset Management SGR SpA, an Italian company (notified July 27/deadline Aug. 31/simplified)

SEPT 3

-- U.S. software maker Oracle Corporation (ORCL.O) to acquire the whole of computer hardware maker Sun Microsystems Inc. JAVA.O (notified Aug. 3/deadline Sept. 3)

SEPT 4

-- Russian steel producer Severstal (CHMF.MM) to acquire counterpart Holding Gonvarri Russia SL, belonging to the Spanish steel and motor vehicles parts group Gonvarri Corporacion Financiera SL (notified July 31/deadline Sept. 4/simplified)

-- British private equity firm Lion Capital LLP and U.S. alcoholic beverages maker and distributor Central European Distribution Corporation, to acquire joint control of Russian vodka and alcoholic drinks maker and distributor CJSC Russian Alcohol Group (notified July 31/deadline Sept 4/simplified)

SEPT 7

-- Austrian insurance group Uniqa Versicherungen AG, jointly controlled by Austrian financial services provider RZB [RZB.UL]; private foundation Austria Versicherung auf Gegenseitigkeit Privatstiftung; Austrian mutual insurance Collegialiaut Versicherung auf Gegenseitigkeit, and Italian holding company Veneto Banca Holding SCpA [VBANC.UL] to acquire joint control of a vehicle company Claris currently owned by Veneto Banca which is active in the Italian life insurance sector (notified Aug. 3/deadline Sept. 7/simplified)

SEPT 8

-- German media group Bertelsmann AG (BTGGg.F) and U.S. private equity firm Kohlberg Kravis Roberts & Co LP [KKR.UL] take joint control of Newco to manage music rights (notified Aug. 4/deadline Sept. 8)

-- French banking services provider Banque Federative du Credit Mutuel [BFCM.UL] to acquire French online retail banking and insurance company Monabanq (notified Aug 4/deadline Sept 8)

SECOND-STAGE REVIEWS BY DEADLINE:

NOV 6

-- German carrier Deutsche Lufthansa AG (LHAG.DE) seeks to acquire counterpart Austrian Airlines AUAV.VI (notified May 8/ deadline June 17/extended on June 11/new deadline July 1/in-depth probe opened on July 1/new deadline Nov. 6)

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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