EU mergers and takeovers (June 8)
BRUSSELS, June 8 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:
APPROVALS AND WITHDRAWALS:
-- Rail company Voyage France Europe Partenaires, belonging to French state-owned railway operator SNCF [SNCF.UL], and holding firm Bollore SA (BOLL.PA) acquire joint control of a French venture to market and operate an Internet access service on high-speed trains (approved June 8)
-- German electricity supplier RWE Innogy, German electricity, water and natural gas suppliers RheinEnergie and Stadtwerke Muenchen, and industrial plants developer MAN Ferrostaal (MANG.DE) to acquire joint control of Spanish solar thermal power plant Marquesado Solar (approved June 8)
NEW LISTINGS:
-- Brazilian food products firm Perdigao PRGA3.SA enters into a full merger with Brazilian peer Sadia SDIA4.SA (notified June 2/deadline July 7/simplified)
-- UK oil and gas company BP (BP.L) and U.S. chemical products company Dupont (DD.N) to acquire joint control of U.S. company Biobutanol LLC, which develops and licenses technology related to the commercial production of biobutanol (notified June 3/deadline July 8)
EXTENSIONS AND OTHER CHANGES:
None
FIRST-STAGE REVIEWS BY DEADLINE:
JUNE 10
-- French state-owned insurance, real estate and capital investment group Caisse des Depots et Consignations [CDCEC.UL] (CDC); state-owned weather information provider Meteo France and U.S. stocks and derivatives market operator NYSE Euronext (NYX.N)(NYX.PA) take joint control of Metnext, which develops products to help managers anticipate the impact of weather on businesses (notified April 30/deadline June 10/simplified)
JUNE 12
-- German transport and freight forwarding company Deutsche Bahn Mobility Logistics AG, belonging to Deutsche Bahn AG [DBN.UL], to acquire Polish logistics operations; PCC Rail S.A., PCC Rail Rybnik S.A. and Trawipol Sp, all known as PCC Logistics Poland, belonging to German logistics operator PCC SE (ZM9Eg.F) (notified May 5/deadline June 12)
-- Danish shipping company Vesterhavet A/S and Danish freight forwarder DSV A/S (DSV.CO) to acquire joint control of Danish sea shipping company DFDS A/S (DFDS.CO) (notified Jan. 30/deadline March 6/declared incomplete Feb 20/new deadline May 28/extended on May 26/new deadline June 12)
JUNE 17
-- German carrier Deutsche Lufthansa AG (LHAG.DE) to acquire counterpart Austrian Airlines (AUAV.VI) (notified May 8/ deadline June 17)
-- Bahamas-based investment company Renova Industries, belonging to the Russian Renova Group, to acquire Swiss engineering company Sulzer AG (SUN.S) (notified May 8/deadline June 17)
JUNE 18
-- French nuclear power company Areva SA (CEPFi.PA) acquires sole control of nuclear plant safety and engineering firm Areva NP, formerly controlled jointly by Areva SA and Siemens AG (SIEGn.DE) (notified May 11/deadline June 18/simplified)
-- U.S. petrochemical company Access Industries and Jersey-registered ProChemie Holding Ltd to take joint control of petrochemical group LyondellBasell Industries AF S.C.A. (notified May 11/deadline June 18/simplified)
-- German metal treatment and lighting reflector company Almeco GmbH and German roof accessories company Mage Industrie Holding AG acquire joint control of Tinox, a German maker of absorber surfaces (notified May 11/deadline June 18/simplified)
JUNE 22
-- Luxembourg private equity company CVC to acquire Belgian universal postal services operator De Post NV/La Poste SA (notified May 13/deadline June 22/simplified)
-- Swedish state-owned electricity and gas company Vattenfall AB [VATN.UL] to acquire N.V. Nuon Energy, a Dutch regional authority-owned energy firm (notified April 28/deadline June 8/extended on June 2/new deadline June 22)
JUNE 23
-- German utility company RWE (RWEG.DE) to acquire Dutch counterpart Essent (notified April 29/deadline June 9/extended on June 4/new deadline June 23)
JUNE 26
-- U.S. industrial conglomerate General Electric (GE.N); media group News Corp (NWSA.O) and entertainment giant The Walt Disney Co (DIS.N) take joint control of U.S.-based video website Hulu LLC, currently controlled jointly by GE and News Corp (notified May 19/deadline June 26/simplified)
-- Japanese trading company Itochu Corp (8001.T), Japanese machinery conglomerate Mitsubishi Heavy Industries Ltd (7011.T) and Greek renewable energy company Enolia Energy SA acquire joint control of Greek photovoltaic systems supplier Enolia Solar Systems SA (notified May 19/deadline June 26/simplified)
JUNE 29
-- UK mobile supplier Carphone Warehouse (CPW.L), via its wholly owned UK subsidiary TalkTalk Group, acquires British Internet access provider Tiscali UK, a subsidiary of Tiscali SpA (TIS.MI) (notified May 20/deadline June 29)
-- French banking and insurance services provider Credit Agricole (CAGR.PA) to acquire control over part of French fund custody and fund administration company CACEIS (notified May 20/deadline June 29/simplified)
-- Luxembourg investment companies BlueBay HYI and BlueBay MSI, and industrial holding company RHJ International (RHJI.BR) to acquire control of German metal components company Honsel (notified May 20/deadline June 29/simplified)
-- Dutch private equity companies NPM Capital and Fortis Private Equity Holding Nederland BV to acquire Dutch plastic and rubber components company Helvoet Holding BV (notified May 20/deadline June 29/simplified)
-- Russian petrochemicals firm Sibur to acquire Austrian Citco Waren-Handelsgesellschaft mbH, Cypriot Citco Holdings Ltd and Panama's Westin Trading SA, which together form petrochemicals distributor Citco (notified May 20/deadline June 29/simplified)
JUNE 30
-- Italian motorway management company Sias (SIS.MI), Italian motorways company Atlantia (ATL.MI) and Spanish concession services company Acciona (ANA.MC) acquire joint control of five Chilean toll motorways, Operacion y Logistica de Infraestructuras, Litoral Central, Vespucio Sur, Gestion Vial and Autopista Nororiente ("Itinere Chilean assets") (notified May 25/deadline June 30/simplified)
JULY 1
-- U.S. firm Safran USA, controlled by French aerospace company Safran SA (SAF.PA), to acquire joint control of U.S. detection products company General Electric Homeland Protection, currently controlled by U.S. company General Electric (GE.N) (notified May 26/deadline July 1/simplified)
JULY 6
-- U.S. biomedical and pharmaceutical company Pfizer (PFE.N) to acquire U.S. pharmaceutical and healthcare company Wyeth WYE.N (notified May 29/deadline July 6)
SECOND-STAGE REVIEWS BY DEADLINE:
JULY 1
-- German airline Lufthansa AG (LHAG.DE) to acquire Belgian air transport company SN Airholding SA/NV, which controls Brussels Airlines (notified Nov. 26/deadline Jan. 12/extended on Jan. 6/new deadline Jan. 26/in-depth probe opened Jan. 27/deadline June 10/15 working days extension/new deadline July 1)
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 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.










