BRUSSELS Nov 22 The following are mergers under
review by the European Commission and a brief guide to the EU
APPROVALS AND WITHDRAWALS
-- Commodities trader Glencore to acquire miner
Xstrata (approved Nov. 22)
-- U.S. conglomerate Koch Industries to buy 44 percent of
U.S. glass products manufacturer Guardian Industries Corp
(approved Nov. 21)
-- Private equity firm Bain Capital Investors to buy tool
maker Apex Tool Group, which is owned by Aegean Partners, which
in turn is controlled by Danaher Corp and Cooper
Industries (notified Nov. 19/deadline Jan.
-- German meat producer FIRoWa Handels GmbH and peer OSI
Europe Foodworks to set up a joint venture (notified Nov.
16/deadline Dec. 21/simplified)
EXTENSIONS AND OTHER CHANGES
FIRST-STAGE REVIEWS BY DEADLINE
-- U.S. industrial manufacturer Eaton Corp to
acquire U.S. electrical equipment maker Cooper Industries Plc
(notified Oct. 17/deadline Nov. 23)
-- Swedish packaging companies Kinnevik and Billerud
to merge (notified Oct. 5/deadline extended to Nov. 27
from Nov. 13 after Kinnevik submitted commitments)
-- Private equity firm PAI Partners to buy Italian eyewear
maker Marcolin (notified Oct. 23/deadline Nov.
-- Canadian auto parts maker Magna International Inc
to purchase German car hydraulic pump manufacturer Ixetic
Verwaltungs GmbH (notified Oct. 23/deadline Nov. 29)
-- 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)
-- German retail and travel group Rewe Touristik GmbH to buy
Czech tour operator Exim Holding SA (notified Oct. 24/deadline
-- Private equity fund LBO France Gestion SAS to acquire
ground handling services company AviaPartner (notified Oct.
24/deadline Nov. 30)
-- French rail company SNCF Participations and
Dutch company Strukton Rail BV to acquire joint control of Dutch
holding company Europool BV (notified Oct. 31/deadline Dec.
-- 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)
-- 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)
-- 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)
-- 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)
-- 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)
-- British bank Barclays and Goldman Sachs
to acquire joint control of gardening and pet care product
distributor Gardman Holdings Ltd (notified Nov. 9/deadline Dec.
-- Private investment fund American Securities LLC to buy
car parts maker Metaldyne (notified Nov. 9/deadline Dec.
-- Qatar Holdings, the finance arm of Qatar's sovereign
wealth fund, to acquire part of a stake held by Spanish
infrastructure company Ferrovial in British airport
operator BAA Ltd (notified Nov. 12/deadline Dec. 17)
-- Chinese state-owned oil company CNOOC Ltd to
acquire Canadian upstream oil and gas company Nexen
(notified Nov. 12/deadline Dec. 17/simplified)
-- French outdoor advertising specialist JCDecaux
to acquire a stake in Dutch outdoor advertising company Russ Out
Of Home which is active in Russia (notified Nov. 13/deadline
-- Canadian private equity company Onex Corp to buy
German plastics machinery maker KraussMaffei AG (notified Nov.
14/deadline Dec. 19)
-- German agricultural cooperative Baywa to buy
Dutch grains trader Cefetra (notified Nov. 14/deadline Dec. 19)
-- U.S.-based casting products maker Precision Castparts
Corp to buy U.S. maker of alloys for jet engines
Titanium Metals (notified Nov. 14/deadline Dec. 19)
-- Private equity firm Bridgepoint Advisers Group
and the Canada Pension Plan Investment Board to aquire joint
control of sports management company Dorna (notified Nov.
15/deadline Dec. 20/simplified)
-- Investment bank Goldman Sachs and private equity firm KKR
to acquire joint control of hotel operator QMH
(notified Nov. 16/deadline Dec. 21)
-- Walt Disney Co to buy Lucasfilm (notified Nov.
16/deadline Dec. 21)
-- Czech energy group EPH to acquire Slovak gas transport
and distribution company SPP from French energy company Gaz de
France and Germany's E.ON (notified Nov.
16/deadline Dec. 21/simplified)
-- Mittal Investments, which is owned by Indian steel tycoon
Lakshmi Mittal, to buy French cement maker Lafarge and
miner Anglo American's British assets (notified Nov.
16/deadline Dec. 21/simplified)
-- U.S. communications company Syniverse Technologies
to buy Luxembourg-based communications services
company Mach (notified Nov. 16/deadline Dec. 21)
-- Swiss speciality chemicals maker Clariant and
Singaporean palm oil company Wilmar to set up a joint
venture (notified Nov. 16/deadline Dec. 21/simplified)
-- 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
-- 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)
-- Ryanair to acquire Aer Lingus (notified
July 24/deadline extended for the second time to Feb. 6 from
GUIDE TO EU MERGER PROCESS
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
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.