EU mergers and takeovers (May 28)

BRUSSELS, May 28 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:


-- Cyprus-based Bithell Holdings Ltd, belonging to Polish media and telecommunications group Grupa Polsat, and Polish company Thomson Technicolor Polska Sp, belonging to the French Thomson Group TMS.PA, to acquire joint control of Polish digital signage company PRN Polska Sp (approved May 28)

-- U.S. agricultural products company Archer Daniels Midland ADM.N to acquire three German chocolate companies collectively referred to as Schokinag (approved May 27)

-- German carbon-based products manufacturer SGL Carbon SGCG.DE and Italian brake maker Brembo BRBI.MI to acquire joint control of Italian Brembo Ceramic Brake Systems (approved May 28)


-- 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 (notified May 6/deadline June 15/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)

-- 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)




MAY 29

-- A subsidiary of energy group CEZ CEZPsp.PR and Czech investment advisory firm JTIA acquire joint control of Dutch company MIBRAG B.V. and its wholly owned German lignite mining subsidiary Mitteldeutsche Braunkohlengesellschaft mbH, currently controlled jointly by independent power producer NRG Energy Inc NRG.N and engineering and construction firm URS Corp URS.N, both of the U.S. (notified April 21/deadline May 29/simplified)


-- U.S. diversified technology and services provider GE GE.N and United Arab Emirates investment fund Mubadala Development Co PJSC to acquire joint control of a new Abu Dhabi-based financial services venture (notified April 23/deadline June 3/simplified)


-- German solar energy company Q-Cells SE QCEG.DE, Dutch renewable energy company Good Energies Investments BV and Norwegian solar power group NorSun AS take joint control of Sunfilm AG, a German maker of solar modules using silicon technology (notified April 27/deadline June 5/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)


-- German utility company RWE RWEG.DE to acquire Dutch counterpart Essent (notified April 29/deadline June 9)


-- 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.NNYX.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)


-- 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 (notified May 4/deadline June 11/simplified)


-- 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)


-- 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)


-- 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)


-- 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)


-- 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)



-- 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)



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.


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.