June 28, 2011 / 11:46 AM / in 6 years

EU mergers and takeovers (June 28)

 BRUSSELS, June 28 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:
 -- U.S. supplier of axles, drive shafts and transmissions Dana Holding Corp (DAN.N) and Bosch Rexroth, owned by German industrial product company Robert Bosch GmbH [ROBG.UL], to form a joint venture to develop an auto transmission system (approved June 28)
 -- Sweden’s Seb Trygg Liv Holding to acquire Irish Life International from Irish Life and Permanent Group Holdings IPM.I (approved June 27)
 -- Japanese drugmaker Takeda Pharmaceutical (4502.T) to acquire Nycomed (notified June 27/deadline Aug. 2)
 -- FOEW, owned by Norwegian gas company Bonheur, Denmark’s Dong Energy [DOENRY.UL], holding company Novasion and Aalborg Universitet to acquire turbine wind developer MIG Business Development (notified June 23/deadline July 29/simplified)
 JUNE 29
 -- Austria’s Raiffeisen Bank International (RBIV.VI) to acquire a majority stake in Poland’s Polbank from Greek lender EFG Eurobank EFGr.AT (notified May 20/deadline June 29/simplified)
 JUNE 30
 -- Austria’s RWA to acquire heating oil company OMV Warme from Austrian oil group OMV (OMVV.VI) (notified May 23/deadline June 30)
  -- French luxury group LVMH (LVMH.PA) to acquire Italian peer Bulgari BULG.MI (notified May 24/deadline July 1)
 -- French oil company Total (TOTF.PA) to acquire a controlling stake in U.S. solar cell maker Sunpower (SUNP.SI) (notified May 24/deadline July 1/simplified)
 -- Abu Dhabi government fund IPIC to acquire full control of Spanish oil company Cepsa from French oil company Total (TOTF.PA) (notified May 26/deadline July 5)
 -- Stichting Administratiekantoor Van der Sluijs Groep Holding and Frisol Beheer B.V., a unit of Dutch property developer Reggeborgh, to set up a petroleum supplies joint venture to be called North Sea Group (notified May 30/deadline July 7/simplified)
 -- French minerals company Imerys (IMTP.PA) to acquire miner Rio Tinto’s (RIO.AX) (RIO.L) talc business (notified May 30/deadline July 7)
 -- Building materials company Xella, jointly controlled by Goldman Sachs (GS.N) and private equity firm PAI Partners, to acquire Danish building materials supplier H+H (notified May 30/deadline extended to July 7 from March 1 after the Commission referred parts of the transaction to the German regulator)
 -- U.S. conglomerate GE (GE.N) to acquire French maker of motors Converteam (notified May 31/deadline July 8)
 -- Grupo Iberdrola (IBE.MC) and Caja Rural de Navarra to set up a joint venture to be called Renovables de la Ribera (notified May 31/deadline July 8/simplified)
 JULY 11
 -- Auto repairs company Penske Automotive Group, which is jointly controlled by Japanese trading house Mitsui & Co (8031.T) and U.S. privately owned company Penske Corporation, to acquire a 50 percent stake in Russian car dealer Alliance Motor Tyumen which is owned by Mitsui (notified June 6/deadline July 11/simplified)
 -- Lundbeckfond Invest, controlled by Danish pharmaceuticals group Lundbeck (LUN.CO), and Kirkbi Invest to indirectly acquire joint control of emergency services company Falck (notified June 1/deadline July 11/simplified)
 -- Japanese electronics maker Toshiba Corp (6502.T) to acquire Swiss meter maker Landis+Gyr (notified June 1/deadline July 11/simplified)
 JULY 13
 -- ERG and Russian oil producer LUKOIL (LKOH.MM) to set up a joint venture for generating power from renewable sources (notified June 7/deadline July 13/simplified)
 JULY 14
 -- Holding company Access Industries to acquire music company Warner Music Group WMG.N (notified June 8/deadline July 14/simplified)
 JULY 15
 -- U.S. refiner Valero Energy Corp (VLO.N) to acquire Chevron Corp’s (CVX.N) Pembroke refinery in Wales and other assets (notified June 9/deadline July 15/simplified)
 -- Private equity firm Kohlberg Kravis Roberts & Co (KKR.N) to acquire German telecoms operator Versatel VTWGn.DE (notified June 9/deadline July 15/simplified)
 JULY 18
 -- Spanish car parts maker Gestamp to acquire ThyssenKrupp’s (TKAG.DE) Metal Forming group (notified June 10/deadline July 18)
 JULY 19
 -- Holding company Talis International Holding to acquire valve maker Raphael Valves Industries (notified June 14/deadline July 19/simplified)
 -- Brazilian steelmaker CSN to acquire the cement and steel assets of Spain’s Grupo Alfonso Gallardo (notified June 14/deadline July 19/simplified)
 -- Private equity firms Rhone Capital and Triton to acquire German company Evonik’s industrial carbon division ECB (notified June 14/deadline July 19)
 -- Finnish forestry group UPM-Kymmene UPM1V.HE to acquire Finnish peer Myllykoski (notified Jan. 28/deadline extended to July 19 from March 4 after Commission opens in-depth probe)

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