EU mergers and takeovers (Dec 16)

BRUSSELS Mon Dec 16, 2013 10:49am EST

BRUSSELS Dec 16 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- China National Petroleum Corp to acquire a stake in a Russian Arctic project called the Yamal LNG project which is jointly controlled by Russia's Novatek and France's Total (approved Dec. 16)

-- French insurer Axa and Norway's Norges Bank to acquire joint control of SZ Tower in Munich, Germany (approved Dec. 16)

-- Danish pension fund PensionDanmark Holding to acquire a 49 percent stake in gas pipeline operator Noordgastransport from Abu Dhabi-based energy company TAQA, giving it joint control with French utility GDF Suez (approved Dec. 16)

-- Private equity firm New Mountain Capital to acquire a fund from management services provider Alexander Mann Solutions (approved Dec. 16)

-- Canadian real estate developer Brookfield Property and investment firm Starwood Capital Group Global to acquire joint control of 13 hotels in Germany (approved Dec. 16)

-- Private equity firm TPG and U.S. car parts and home products retailer Servco Pacific Inc to buy Fender Musical Instrument (approved Dec. 16)

-- Spain industrial group Corporacion Gestamp and Spanish bank Banco Santander to set up a joint venture (approved Dec. 16)

-- Germany industrial companies Rheinmetall and Ferrostaal Industrieanlagen GmbH to set up two joint ventures (approved Dec. 16)

NEW LISTINGS

-- Taiwanese contract laptop PC maker Compal Electronics to buy Toshiba Television Central Europe from Japanese industrial company Toshiba Corp (notified Dec. 13/deadline Jan. 29/simplified)

-- German insurer Allianz to acquire 50 percent of Finnish real estate fund NRF which is controlled by Luxembourg-based property fund NRF Management Co S.a.r.l (notified Dec. 11/deadline Jan. 27/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

DEC 18

-- Airport ground and cargo services handler Swissport, which is owned by private equity company PAI Partners, to acquire Servisair from French company Derichebourg SA (notified Oct. 29/deadline extended to Dec. 18 from Dec. 4 after Swissport offered concessions)

DEC 20

-- Spanish telecoms provider Telefonica to buy Dutch peer KPN's German unit (notified Oct. X/deadline extended to Dec. 20 from Dec. 6 after Germany's antitrust authority asked to review the deal)

-- Austevoll Seafood ASA and investment company Kvefi, which is controlled by private investment firm Kverva AS, to set up a joint venture (notified Nov. 15/deadline Dec. 20)

DEC 23

-- German building supplies wholesaler Cordes & Graefe to acquire French construction supplier Pompac (notified Nov. 18/deadline Dec. 23)

-- Private equity firms ARX CEE III LP and Darby Converging Europe Fund III to jointly acquire Gramex 2000 Kereskedelmi Korlatolt Felel├┤sseg├╝ Tarsasag and G.F. Investment Korlatolt Felelossegu Tarsasag which own beverage producers and distributors (notified Nov. 18/deadline Dec. 23/simplified)

-- Private equity firms Bridgepoint Adviers Group Ltd and Orlando Italy Management to acquire joint control of Italian beauty products distributor La Gardenia Beauty, which is now solely controlled by Orlando Italy Management (notified Nov. 18/deadline Dec. 23/simplified)

-- Bulgarian flag carrier Bulgaria Airways Group EAD to acquire joint control of airport ground services handler Swissport Bulgaria, which is now solely owned by airport ground services handler Swissport (notified Nov. 18/deadline Dec. 23/simplifid)

JAN 3

-- Venetos Holding AG, which is a subsidiary of Russian investment vehicle Renova Industries, to acquire sole control of Swiss steelmaker Schmolz+Bickenbach AG (notified Nov. 19/deadline Jan. 3)

JAN 8

-- Italian energy group ENI to acquire British oil and gas operator Liverpool Bay from BHP Billiton Petroleum Great Britain Ltd (notified Nov. 22/deadline Jan. 8/simplified)

-- Private equity firm Apollo to acquire debt recovery and real estate services company Altamira from Spanish bank Banco Santander (notified Nov. 22/deadline Jan. 8/simplified)

JAN 9

-- Danish agricultural cooperative DLG to acquire German energy and building materials company Team (notified Nov. 25/deadline Jan. 9/simplified)

-- U.S. advertising company Omnicom Group Inc and French peer Publicis Groupe SA to merge (notified Nov. 25/deadline Jan. 9)

JAN 13

-- Japanese technology company NTT Data Corp to acquire consultancy Everis Participaciones (notified Nov. 27/deadline Jan. 13/simplified)

Jan 14

-- South African IT services company Dimension Data, which is a subsidiary of Jpaan's Nippon Telegraph and Telephone Corp , to buy IT services units belonging to Nextiraone (notified Nov. 28/deadline Jan. 14/simplified)

JAN 15

-- Investment bank Goldman Sachs, private equity company TPG Lundy and British bank Barclays to acquire joint control of British pub operator Intertain (notified Nov. 29/deadline Jan. 15/simplified)

JAN 22

-- Swiss specialty chemicals group Clariant and Saudi Arabia's National Industrialisation Company (Tasnee) to form a joint venture (notified Dec. 6/deadline Jan. 22/simplified)

JAN 23

-- Danish energy company SEAS-NVE Am.b.a to acquire 80 percent of Danish windfarm operator E.ON Vind Sverige AB from German utility E.ON (notified Dec. 9/deadline Jan. 23/simplified)

-- Swedish pension fund Sixth AP Fund to buy 45 percent of Finnish mobile phone accessories maker Salcomp Oyj from Swedish investment company Nordstjernan AB (notified Dec. 9/deadline Jan. 23/simplified)

-- Russia's Lukoil to buy Austrian energy group OMV's lubricants business (notified Dec. 9/deadline Jan. 23/simplified)

-- Private equity firm Hellman & Friedman to acquire online marketplace provider Scout 24 (notified Dec. 9/deadline Jan. 23/simplified)

-- Czech investment group PPF Group to buy Spanish telecoms provider Telefonica's Czech business and Telefonica Czech Republic's subsidiary Telefonica Slovakia (notified Dec. 9/deadline Jan. 23/simplified)

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)

MARCH 21

-- Switzerland-based INEOS and Belgian chemicals company Solvay to form a joint venture (notified Sept. 16/deadline extended for the second time to March 21 from Nov. 5 after the European Commission opened an in-depth investigation)

MARCH 24

-- Hutchison 3G UK to acquire Telefonica Ireland, a unit of Spanish telecoms provider Telefonica (notified Oct. 1/deadline extended to March 24 from Nov. 6 after the European Commission opened an in-depth investigation)

MARCH 31

-- Swiss cement maker Holcim to buy German peer Cemex West from Mexicam company Cemex (notified Sept. 3/dateline extended to March 31 from Nov. 12)

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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