EU mergers and takeovers (April 22)

BRUSSELS, April 22 | Thu Apr 22, 2010 12:24pm EDT

BRUSSELS, April 22 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS:

-- Dutch chemical group AkzoNobel (AKZO.AS) acquires the powder coatings business of Rohm and Haas Chemicals LLC and its affiliated companies, which are owned by U.S. firm Dow Chemical (DOW.N) (approved April 21)

NEW LISTINGS:

-- Anglo-Dutch consumer goods company Unilever (ULVR.L) acquires Sara Lee Corp's (SLE.N) personal care brands (notified April 21/deadline May 31)

-- Italian oil and gas group Eni (ENI.MI) acquires Austrian oil retailer Mobil Oil Austria (MOBIL.LG) (notified April 20/deadline May 28)

-- Egyptian fertiliser producer Orascom Construction Industries S.A.E acquires the fertiliser and melamine businesses of Dutch chemicals group DSM (DSMN.AS) (notified April 19/deadline May 27/simplified)

-- Austrian lender Erste Bank (ERST.VI) acquires Austrian bank ASK (notified April 19/deadline May 27)

-- Eurovia, part of construction group Vinci, acquires six subsidiaries from the Tarmac Group, which is owned by mining group Anglo American (AAL.L) (notified April 19/deadline May 27)

-- Nordic-based holding company Investor AB acquires sole control of Swedish aerospace company Saab AB (SAABb.ST), which is jointly controlled by Investor AB and BAE Systems plc (BAES.L), and its subsidiaries (notified April 15/deadline May 25/simplified)

EXTENSIONS AND OTHER CHANGES:

None

FIRST-STAGE REVIEWS BY DEADLINE:

APRIL 27

-- French environmental services company Suez Environment, controlled by GDF Suez (GSZ.PA), acquires control of Spanish water services firm Sociedad General de Aguas de Barcelona (Agbar), which is jointly controlled by Suez Environment and Spanish holding company Criteria CaixaCorp S.A. (notified March 18/deadline April 27)

APRIL 28

-- Financial group State Street Corp (STT.N) to acquire Sanpaolo Servizi Transazional SpA and Sanpaolo Bank SA, owned by Italy's Banca Intesa Sanpaolo SpA (ISP.MI) (notified March 19/deadline April 28)

APRIL 30

-- U.S. private equity investment firm Bain Capital Investors LLC, acquires control of U.S. latex and synthetic rubber products maker Styron LLC and Styron Holding BV (notified March 23/deadline April 30/simplified)

MAY 5

-- German lender Commerzbank AG (CBKG.DE) to acquire German solar energy company Conergy CGYG.DE (notified March 26/deadline May 5/simplified)

MAY 10

-- German mail-order company Otto [OTTOG.UL] to acquire assets including trademarks, trademark applications, domains, and certain image rights from Primondo Group, the mail-order holding company of German retailer Arcandor AG (AROG.DE) (notified March 31/deadline May 10)

MAY 11

-- Belgian electricity transmission system operator Elia System Operator SA/NV, controlled by French utility group GDF Suez (GSZ.PA), Belgium's Publi-T SCRL and Australia's infrastructure investment managing firm Industry Super Holdings Pty Ltd, acquire Germany's electricity transmission operator 50Hertz Transmission GmbH, belonging to Swedish operator Vattenfall [VATN.UL] (notified April 6/deadline May 11)

MAY 12

-- Private equity firm NPM Capital N.V., controlled by Netherlands-based SHV Holdings N.V., and private equity investor Cyrte Investments B.V., which is majority-owned by Dutch Delta Lloyd NV (DLL.AS) which in turn is majority-owned by British insurer Aviva (AV.L) plc, acquire joint control of Dutch online retailer Bol.com B.V. (notified April 7/deadline May 12/simplified)

MAY 17

-- Czech power provider Dalkia Ceska republika, controlled by French power company EDF (EDF.PA) and French water and waste company Veolia (VIE.PA), to acquire Czech electricity supplier NWR Energy, controlled by miner New World Resources N.V. NWRSsp.PR NWRS.L (notified April 8/deadline May 17)

MAY 19

-- Private equity investors Oak Hill Capital Partners, Cinven [CINV.UL] and CVC Capital Partners SICAV-FIS S.A. to acquire joint control of Ireland-based aircraft leasing services company Avolon Aerospace Ltd (notified April 12/deadline May 19/simplified)

-- Luxembourg-based power supplier Enovos and Swiss energy company Avelar, which is controlled by Russia's Renova Holdings Ltd, acquire joint control of newly created Luxembourg-based energy company Aveleos S.A. (notified April 12/deadline May 19/simplified)

-- U.S. private equity investor Oaktree Capital Group LLC [OAKCP.UL] acquires U.S. aluminium producer Aleris International Inc [TXPACA.UL] (notified April 12/deadline May 19/simplified)

MAY 20

-- U.S. beverage company Coca-Cola Enterprises Inc (CCE.N) acquires Swiss bottler Coca-Cola Drycker Sverige AB and Norwegian bottler Coca-Cola Drikker AS (notified April 13/deadline May 20/simplified)

MAY 21

-- Private equity firm 3i, via 3i Group (III.L) and certain funds managed by 3i Investments plc, to acquire French health services operator Vedici Groupe SAS (notified April 14/deadline May 21)

-- Oil company Total Italia Spa, controlled by French oil group Total Holdings Europe S.A.S. (TOTF.PA), and ERG Petroli Spa, part of Italian oil refiner ERG Spa (ERG.MI), to acquire joint control of newly-created refiner joint venture JV Co (notified April 14/deadline May 21)

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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