BRUSSELS Jan 6 The following are mergers under
review by the European Commission and a brief guide to the EU
APPROVALS AND WITHDRAWALS
-- Danish agricultural cooperative DLG to acquire German
energy and building materials company Team (approved Jan. 6)
-- U.S. investment bank Goldman Sachs to acquire a stake in
Danish oil and gas group DONG Energy (approved Jan.
-- Japanese trading house Mitsui & Co Ltd and
ArcelorMittal Gonvarri Brasil Produtos Siderurgicos S.A., a
joint venture between Gonvarri and ArcelorMittal, to
acquire joint control of M Steel Industria e Comercio de
Produtos Siderurgicos Ltda, which will operate a steel service
centre in the state of Rio de Janeiro, Brazil (notified Dec.
23/deadline Feb. 6/simplified)
EXTENSIONS AND OTHER CHANGES
-- The European Commission said on Jan. 6 it had rejected
Berlin's request to refer to the German competition authority a
proposed takeover by Swiss cement maker Holcim of some
of Mexican rival Cemex's European assets.
The Commission announced last October it was opening an
in-depth investigation into the proposed takeover. It has until
March 31 to take a final decision.
FIRST-STAGE REVIEWS BY DEADLINE
-- U.S. advertising company Omnicom Group Inc and
French peer Publicis Groupe SA to merge (notified Nov.
25/deadline Jan. 9)
-- Japanese technology company NTT Data Corp to
acquire consultancy Everis Participaciones (notified Nov.
27/deadline Jan. 13/simplified)
-- South African IT services company Dimension Data, which
is a subsidiary of Japan's Nippon Telegraph and Telephone Corp
, to buy IT services units belonging to Nextiraone
(notified Nov. 28/deadline Jan. 14/simplified)
-- 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)
-- Swiss specialty chemicals group Clariant and
Saudi Arabia's National Industrialisation Company (Tasnee) to
form a joint venture (notified Dec. 6/deadline Jan.
-- 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
-- Private equity firm Hellman & Friedman to acquire online
marketplace provider Scout 24 (notified Dec. 9/deadline Jan.
-- 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)
-- 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)
-- Spanish bank Santander to acquire a 50 percent
stake in Spanish consumer finance company El Corte Ingles E.F.C.
from Spanish retailer El Corte Ingles (notified Dec. 13/deadline
-- 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)
-- Private equity firms Investindustrial and KKR to acquire
joint control of Spanish amusement park operator Resort Holdings
B.V. (notified Dec. 16/deadline Jan. 30/simplified)
-- Private equity firm Lloyds Development Capital which is
owned by British bank Lloyds, and Dutch mail group
ptnlPostNL to acquire joint control of holding company
TNT NN1 Ltd which is now solely controlled by PostNL (notified
Dec. 16/deadline Jan. 30)
-- Mexican frozen food producer Sigma Alimentos to acquire
Spanish meat processor Campofrio (notified Dec.
16/deadline Jan. 30/simplified)
-- German vehicle importer Frey Automobil Holding
Deutschland GmbH and Mitsubishi Motors Europe B.V. to
acquire joint control of Mitsubishi Motors Deutschland GmbH,
currently 100 percent owned by Mitsubishi Motors Europe
(notified Dec. 19/deadline Feb. 4/simplified)
-- Dutch mining holding company Metinvest to indirectly
acquire joint control over Ukrainian iron ore company Southern
GOK by replacing one of Southern GOK's existing shareholders. It
will jointly control the firm with Cypriot holding firm
Lanebrook Ltd, parent of Evraz plc (notified Dec.
20/deadline Feb. 5)
-- 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)
-- 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)
-- Swiss cement maker Holcim to buy some of
Mexican peer Cemex's assets in Europe .
(notified Sept. 3/Commission opened an in-depth investigation
Oct. 22/deadline March 31)
-- 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
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.
(Editing by Foo Yun Chee)