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EU mergers and takeovers (Feb 2)

Tue, 02nd Feb 2016 18:47

BRUSSELS, Feb 2 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- BP is reorganising its Ruhr Oel refining jointventure in Germany, under which it will get 100 percent of theGelsenkirchen refinery (approved Feb. 1)

NEW LISTINGS

-- Private equity fund Lone Star Fund to acquire food andbeverage vending machine maker N&W Global Vending (notified Feb. 1/deadline March 7/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

FEB 4

-- U.S.-based Computer developer Western Digital toacquire outstanding shares of SanDisk, designer of datastorage products (notified on Dec. 22/deadline Feb. 4)

FEB 5

-- Oilfield services company Schlumberger to buy equipmentmaker Cameron International (notified on Dec. 23/deadline Feb.5)

FEB 8

-- Pension funds USS Nero Limited of Britain, OPSEU PensionPlan Trust Fund of Canada and PGGM N.V. of the Netherlands toacquire Spanish infrastructure firm Global Vía Infraestructurasfrom Bankia and FCC (notified on Jan.4/deadline Feb. 8)

FEB 11

-- Dental supply maker DENTSPLY to merge withSirona Dental Systems (notified Jan.7/deadline Feb.11)

FEB 12

-- Airbus Safran Launchers, a 50/50 joint venture betweenAirbus and Safran, to acquire sole control ofsatellite group Arianespace (notified on Jan. 8/deadline Feb.12)

-- Swiss-based investment group Cofra Holding AG to acquiresole control over German company Hans und Ottmar Binder-Group,which offers trims for vehicles (notified on Jan. 8/deadlineFeb. 12/simplified)

-- U.S. video game maker Activision Blizzard toacquire Dublin-based "Candy Crush Saga" creator King DigitalEntertainment (notified on Jan. 8/deadline Feb. 12)

-- British property developer Hammerson and German insurerAllianz to jointly acquire a real estate portfolio inIreland (notified Jan. 8/deadline Feb. 12/simplified)

FEB 12

-- U.S. buyout firm Carlyle Group to buy Dutchlingerie firm Hunkemoller from its private equity owners(notified Jan. 8/deadline Feb. 12/simplified)

FEB 15

-- Goldman Sachs to acquire UK human resourcessoftware company Northgate NGA from owner KKR in a debtfor equity swap (notified Jan. 11/deadline Feb. 15/simplified)

-- British private equity firm Cinven to acquireMunich Re's Italian insurance unit Ergo Italia(notified Jan. 11/deadline Feb. 15/simplified)

FEB 16

-- Macquarie infrastructure investment fund MEIF4 to buy a49 percent stake in Italian hydropower company Hydro DolomitiEnel from Enel (notified Jan. 12/deadline Feb.16/simplified)

-- Beauty products company Coty to acquire 43brands from Procter & Gamble (notified Jan. 12/deadlineFeb. 16)

FEB 17

-- U.S. buyout firm Carlyle Group to acquire Italiancustomer services group Comdata (notified Jan. 13/deadline Feb.17/simplified)

-- U.S. buyout firm Carlyle Group to acquire Italiancustomer services group Comdata (notified Jan. 13/deadline Feb.17/simplified)

FEB 18

-- McKesson to acquire certain businesses, notablypharmaceutical wholesaling in UK and Ireland, from UDGHealthcare (notified Jan. 14/deadline Feb. 18)

FEB 22

-- British private equity firm Cinven to acquireBritish shoe company Kurt Geiger (notified Jan. 18/deadline Feb.22/simplified)

FEB 23

-- Sanofi and Google to jointly set up ajoint venture for diabetes treatment (notified Jan. 19/deadlineFeb. 23)

FEB 24

-- Private equity firm PAI Partners to acquire French hoteloperator B&B Hotels (notified Jan. 20/deadline Feb.24/simplified)

-- Sphinx Investment Pte Ltd and CVC Capital Partners[CVC.UL ]to jointly acquire British motor services company RAC(notified Jan. 20/deadline Feb. 24/simplified)

FEB 25

-- Israeli drugmaker Teva to acquire U.S. peerAllergan's generics drugs business (notified Jan.21/deadline Feb. 25)

FEB 26

-- British supermarket J Sainsbury, DanskSupermarket A/S and Wm Morrison Supermarkets plc toacquire a grocery store (notified Jan. 22/deadline Feb.26/simplified)

-- German food company Tonnies to acquire Danish peer Tican(notified Jan. 22/deadline Feb. 26)

FEB 29

-- U.S. computer maker Dell Inc to acquire data storagecompany EMC Corp (notified Jan. 25/deadline Feb. 29)

MARCH 2

-- Italian insurer HDI Assicurazioni, which is a unit ofGerman insurer Talanx, to acquire Italian lifeinsurer CBA Vita, its subsidiary Sella Life and the remaining 49percent stake in InChiaro Assicurazioni SpA(notified Jan.27/deadline March 2/simplified)

MARCH 3

-- Cable telecoms company Liberty Global's Belgiansubsidiary Telenet to buy mobile network operator Basefrom Dutch group KPN (notified Aug. 17/deadlineextended to March 17 from March 3)

MARCH 4

-- Macquarie Capital and Canadian real estate investorIvanhoe to jointly acquire real estate developers LogosAustralia and Logos China (notified Jan. 29/deadline March4/simplified)

MARCH 7

-- Private equity firm American Securities to acquire U.S.industrial product company Blount International (notified Feb. 1/deadline March 7/simplified)

MARCH 9

-- U.S. office supplier Staples to acquire U.S.rival Office Depot (notified Aug. 21/deadline extendedfor the third time to March 9 from March 2 after the companiesasked for more time)

APRIL 22

-- Hutchison Whampoa to acquire Telefonica's O2 UK subsidiary (notified Sept. 11/deadline extendedfor the fifth time to April 22 from April 18)

MAY 26

-- Oilfield services provider Halliburton to buyrival Baker Hughes in a stock and cash transaction(notified Nov. 27/deadline extended to May 26 from Jan. 12 afterthe European Commission opened an in-depth investigation)

SUSPENDED

-- SOCAR, Azerbaijan's state energy company, to buy stakesin Greek natural gas grid operator DESFA from Greek natural gasutility DEPA (notified Oct. 1/deadline suspended on Jan. 21)

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 by 10 workingdays to 35 working days, to consider either a company's proposedremedies 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 theclearance of uncontroversial first-stage mergers without givingany reason for its decision. Cases may be reclassified asnon-simplified - that is, ordinary first-stage reviews - untilthey are approved. (Compiled by Brussels newsroom)

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