EU mergers and takeovers (Oct 29)

BRUSSELS Tue Oct 29, 2013 10:51am EDT

BRUSSELS Oct 29 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Private investment firm TPG and CaixaBank S.A. to set up a property joint venture by acquiring the business of CaixaBank unit Servihabitat (approved Oct. 29)

NEW LISTINGS

-- Private equity investors Altor Funds and TryghedsGruppen to merge their Nordic fitness companies Elixia Holding III AS and Health & Fitness Nordic AB (notified Oct. 28/deadline Dec. 3)

-- Private equity group Blackstone and investment bank Goldman Sachs to acquire joint control of British insurer Rothesay Life which is now solely owned by Goldman Sachs (notified Oct. 25/deadline Dec. 2)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

OCT 29

-- Dutch dredger Boskalis and investment company Reggeborgh to acquire joint control of subsea power cables supplier Visser & Smit Marine Contracting B.V. which is now solely controlled by Reggeborgh (notified Sept. 24/deadliine Oct. 29)

NOV 5

-- Switzerland-based INEOS and Belgian chemicals company Solvay to form a joint venture (notified Sept. 16/deadline extended to Nov. 5 from Oct. 21 after Solvay offered concessions)

-- British telecoms operator Vodafone to buy a minority stake in Vodafone Omnitel N.V. from U.S. peer Verizon Communications Inc (notified Sept. 30/deadline Nov. 5/simplified)

NOV 6

-- South African furniture retailer Steinhoff International Holdings to acquire electrical appliances retailer Rudolf Leiner Gesellschaft m.b.H. and LKM Beteiligungsgesellschaft m.b.H. (notified Oct. 1/deadline Nov. 6/simplified)

-- Hutchison 3G UK to acquire Telefonica Ireland, a unit of Spanish telecoms provider Telefonica (notified Oct. 1/deadline Nov. 6)

NOV 12

-- U.S. maker of scientific and laboratory equipment Thermo Fisher Scientific to buy genetic testing equipment maker Life Technologies (notified Oct. 7/deadline Nov. 12)

NOV 14

-- Japanese trading house Mitsui & Co, Iskandar Investment Berhad (IIB) which is majority owned by Malaysian state investor Khazanah Nasional Berhad, and investment company UWI Capital One to acquire joint control of Medini Iskandar Malaysia Sdn Bhd, which is now jointly controlled by IIB and UWI (notified Oct. 9/deadline Nov. 14/simplified)

NOV 18

-- U.S. asset management fund Ares Management LLC and Canada's Ontario Teachers Pension Plan Board to acquire joint control of U.S. building products company CPG International LLC, which is now solely controlled by Ares (notified Oct. 11/deadline Nov. 18/simplified)

-- Norwegian telecoms operator Telenor to take a stake in a venture owned by Norwegian publishing house Schibsted and Singapore Press Holdings, and also to set up a joint venture with Schibsted focusing on South American business (notified Oct. 11/deadline Nov. 18/simplified)

-- Parkwind, which is an investment vehicle of Belgian supermarket chain Colruyt Group, and special purpose vehicle Summit Renewable Energy, which is owned by Japan's Sumitomo Corp, to acquire joint control of wind farm operator Belwind 1, which is now solely owned by Summit Renewable Energy (notified Oct. 11/deadline Nov. 18/simplified)

-- French luxury goods company LVMH to buy an 80 percent stake in Italian luxury cashmere clothing brand Loro Piana (notified Oct. 11/deadline Nov. 18/simplified)

NOV 21

-- Czech energy company EPH to acquire Slovakian power distributor Stredoslovenska Energetika (SSE) from French state-controlled utility EDF (notified Oct. 15/deadline Nov. 21)

NOV 25

-- Private equity investor 3i Group to acquire sole control of ferry operator Scandferries Holdings which is now jointly controlled by 3i and ACP Affiliates (notified Oct. 18/deadline Nov. 25/simplified)

NOV 26

-- U.S. bank Goldman Sachs to acquire sole control of British motor insurer Hastings Insurance Group (notified Oct. 21/deadline Nov. 26/simplified)

NOV 27

-- Japan's Suntory Beverage & Food Ltd to buy British drugmaker GlaxoSmithKline Plc's Lucozade and Ribena brands (notified Oct. 22/deadline Nov. 27)

NOV 29

-- French industrial group Schneider Electric to buy British engineer Invensys (notified Oct 24/deadline Nov. 29)

MARCH 10

-- Swiss cement maker Holcim to buy some of Mexican peer Cemex's assets in Germany (notified Sept. 3/dateline extended to March 10 from Oct. 22 after the Commission opened an in-depth investigation into the deal)

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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