EU mergers and takeovers (Feb 10)

BRUSSELS Mon Feb 10, 2014 12:23pm EST

BRUSSELS Feb 10 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Japanese trading company Marubeni and private equity firm INCJ to acquire joint control of AGS, a Portuguese water company (approved Feb. 10)

-- Irish building materials producer CRH Group and Luja Group to combine their concrete business in Russia (approved Feb. 10)

-- U.S. grain trader Archer Daniels Midland and ATR Landhandel to acquire joint control of newly founded RGL. ADM Hamburg is contributing its silo facility in the deep-sea port of Rostock to the joint venture (approved Feb. 6)

NEW LISTINGS

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

FEB 12

-- Finnish steelmaker Outokumpu to sell Acciai Speciali Terni, a large Italian stainless steel mill, and specialty high-performance alloy unit VDM to ThyssenKrupp , their previous owner (notified Jan. 8/deadline Feb. 12)

FEB 18

-- Cintra Infraestructuras, Abertis Autopistas Espana and Itinere Infraestructuras to set up joint venture to market and distribute electronic equipment to pay on Spanish toll motorways (notified Jan. 14/deadline Feb. 18)

FEB 24

-- Qatar Petroleum International, Greek construction company GEK Terna and French gas and power utility GDF Suez to acquire joint control of Greek power plant operator Heron II which is now jointly controlled by GEK Terna and GDF Suez (notified Jan. 20/deadline Feb. 24/simplified)

FEB 26

-- French bank BPCE and Belgian private equity company GIMV to acquire joint control of Veolia Transport Belgium (notified Jan. 22/deadline Feb. 26/simplified)

FEB 28

-- Investment fund Apollo Group and Spanish financial services fund Fondo de Garantia de Depositos de Entidades de Credito to acquire joint control of air parts maker Synergy (notified Jan. 24/deadline Feb. 28/simplified)

-- U.S. food packager Crown Holdings to buy Spanish food-can maker Mivisa Envases from investment funds the Blackstone Group, N+1 Mercapital and management (notified Jan. 24/deadline Feb. 28)

-- Canadian investment fund Canada Pension Plan Investment Board to acquire joint control of Luxembourg-based property developer Parque Principado from real estate developer Intu Holding S.a.r.l (notified Jan. 24/deadline Feb. 28/simplified)

MARCH 4

-- Publisher Aller Media AB and Swedish publisher Egmont Holding AB to acquire joint control of online publisher Mediafy, which is now controlled by publisher Bonnier Tidskrijfter (notified Jan. 28/deadline March 4)

MARCH 5

-- U.S. chemical maker Huntsman Corp to acquire U.S. peer Rockwood Holdings's titanium dioxide pigments business (notified Jan. 29/deadline March 5)

MARCH 6

-- Russian oil producer Lukoil to acquire Italian energy company ISAB Energy S.r.l and ISAB Energy Services S.r.l. (notified Jan. 30/deadline March 6/simplified)

MARCH 7

-- U.S. fuel products provider World Fuel Services Corp to buy British petroleum products distributor Watson Petroleum Ltd (notified Jan. 31/deadline March 7/simplified)

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 31

-- Swiss cement maker Holcim to buy some of Mexican peer Cemex's assets in Europe . (notified Sept. 3/deadline extended for the second time to May 2 from March 31)

APRIL 24

-- Hutchison 3G UK to acquire Telefonica Ireland, a unit of Spanish telecoms provider Telefonica (notified Oct. 1/deadline extended to April 24 from March 24)

MAY 14

-- Spanish telecoms provider Telefonica to buy Dutch peer KPN's German unit (notified Oct. 31/Commission opened in-depth probe on Dec. 20, new deadline May 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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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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