EU mergers and takeovers (Nov 12)

BRUSSELS Mon Nov 12, 2012 6:38am EST

BRUSSELS Nov 12 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Swiss insurer Helvetia Insurance approved to acquire French insurer Groupama's French shipping insurance portfolio (notified Oct. 4/deadline Nov. 12)

-- Private equity firms First Reserve Management and SK Capital Partners approved to acquire indirect joint control of petrochemical product maker TPC (notified Oct. 8/deadline Nov. 14/simplified)

-- U.S. consumer products maker Procter & Gamble and Israeli drugmaker Teva approved to set up a joint venture (notified Oct. 9/deadline Nov. 15)

NEW LISTINGS

-- Danish marine fuel supplier O.W. Bunker to acquire Norwegian fuel trader Bergen Bunkers and its subsidiary Bergen Bunkers Neva LCC from current owner M7 Bunkers (notified Nov. 8/deadline Dec. 13)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

NOV 12

-- General Electric and consulting and outsourcing group Accenture to acquire indirect joint control of a newly set up U.S. joint venture (notified Oct. 4/deadline Nov. 12/simplified)

NOV 13

-- Japanese conglomerate Toyota Tsusho Corp to acquire distributor CFAO (notified Oct. 5/deadline Nov. 13/simplified)

NOV 20

-- U.S. appliance maker Whirlpool to acquire more shares in German kitchen manufacturer Alno (notified Oct. 12/deadline Nov. 20)

NOV 22

-- Commodities trader Glencore to acquire miner Xstrata (notified Oct. 2/deadline extended to Nov. 22 from Nov. 8 after Glencore offered commitments)

-- Private equity firm Advent to acquire German consumer goods retailer Douglas Holding (notified Oct. 16/deadline Nov. 22/simplified)

-- Chinese refiner Sinopec Corp to set up a joint venture with Canadian oil and gas exploration company Talisman Energy Inc (notified Oct. 16/deadline Nov. 22/simplified)

NOV 23

-- U.S. industrial manufacturer Eaton Corp to acquire U.S. electrical equipment maker Cooper Industries Plc (notified Oct. 17/deadline Nov. 23)

NOV 27

-- Swedish packaging companies Kinnevik and Billerud to merge (notified Oct. 5/deadline extended to Nov. 27 from Nov. 13 after Kinnevik submitted commitments)

-- French rail company SNCF, and Austrian investment companies Haselsteiner Familien-Privatstiftung and Augusta Holding to acquire joint control of Austria's Rail Holding which manages Austrian rail transport company WESTbahn Management GmbH(notified Oct. 19/deadline Nov. 27/simplified)

NOV 29

-- Private equity firm PAI Partners to buy Italian eyewear maker Marcolin (notified Oct. 23/deadline Nov. 29/simplified)

-- Canadian auto parts maker Magna International Inc to purchase German car hydraulic pump manufacturer Ixetic Verwaltungs GmbH (notified Oct. 23/deadline Nov. 29)

-- U.S. conglomerate Koch Industries to buy 44 percent of U.S. glass products manufacturer Guardian Industries Corp (notified Oct. 23/deadline Nov. 29/simplified)

-- Dutch bank ABN AMRO, Dutch investment firm Rabo Investments and holding company Vecelia Investments B.V. to acquire joint control of clothing wholesaler HVEG Investments B.V. (notified Oct. 23/deadline Nov. 29)

NOV 30

-- German retail and travel group Rewe Touristik GmbH to buy Czech tour operator Exim Holding SA (notified Oct. 24/deadline Nov. 30)

-- Private equity fund LBO France Gestion SAS to acquire ground handling services company AviaPartner (notified Oct. 24/deadline Nov. 30)

DEC 7

-- Finnish paper firm Ahlstrom to combine its label and processing business unit with Swedish peer Munksjo, which is partly owned by investment fund EQT (notified Oct. 31/deadline Dec. 7)

DEC 10

-- Private equity firm Advent International to buy technology services provider KMD Equity Holding (notified Nov. 5/deadline Dec. 10/simplified)

-- Private equity fund Trilantic Capital Partners and International Cable Holdings, which is owned by private equity firm Investindustrial, to acquire a 48 percent stake in Spanish telecoms operator Euskaltel, which is owned by Spanish savings bank Kutxabank (notified Nov. 5/deadline Dec. 10/simplified)

DEC 11

-- Finnish steelmaker Rautaruukki and private equity firm CapMan to set up a joint venture (notified Nov. 6/deadline Dec. 11)

-- Private equity firm CVC Capital Partners to buy a majority stake in insurance claims management company Cunningham Lindsey Group (notified Nov. 6/deadline Dec. 11)

-- Private equity firm LBO France Gestion to acquire indirect control of Blue Holding Luxembourg which is the holding company of printing solutions provide Euro Druckservice Group (notified Nov. 6/deadline Dec. 11/simplified)

DEC 12

-- French conglomerate Bollore to increase its stake in French advertising company Havas (notified Nov. 7/deadline Dec. 12/simplified)

-- A group of investors led by private equity firm Bain Capital to buy Spanish outsourcing services company Attento from Spanish telecoms operator Telefonica (notified Oct. 29/deadline Dec. 12/simplified)

DEC 21

-- Hong Kong's Hutchison 3G, which is part of Hutchison Whampoa, to acquire telecoms operator Orange Austria from France Telecom (notified May 7/deadline extended for the fourth time to Dec. 21 from Nov. 30 Hutchison 3G offers additional concessions)

JAN 15

-- U.S. mail delivery company United Parcel Service Inc to acquire Dutch peer TNT Express (notified June 15/deadline extended for the fourth time to Jan. 15 from Dec. 20 after the European Commission asked for more time)

FEB 6

-- Ryanair to acquire Aer Lingus (notified July 24/deadline extended for the second time to Feb. 6 from Jan. 14)

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.

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