EU mergers and takeovers (Feb 13)

North Atlantic Energies SA

13/02/2015 11:25

BRUSSELS, Feb 13 (Reuters) - The following are mergers under 
review by the European Commission and a brief guide to the EU 
merger process: 
     
    APPROVALS AND WITHDRAWALS 
    -- Canadian asset manager Brookfield Infrastructure Fund 
 BAMa.TO  to acquire broadcasting and wireless telecom 
infrastructure platform operator TDF S.A.S.(approved Feb. 13) 
    -- European private equity firm CVC Capital Partners 
 CVC.UL   to buy Finnish insulation material maker Paroc 
 ARCABP.UL  for enterprise value of some 700 million euros. 
(approved Feb. 12) 
                 
    NEW LISTINGS 
    -- British bank Barclays  BARC.L  to acquire sole control of 
Spanish insurer CNP Barclays Vida y Pensiones Compania de 
Seguros, which is now jointly controlled by Barclays and French 
insurer CNP Assurances  CNPP.PA  (notified Feb. 11/deadline 
March 18/simplified) 
    -- British support services group DCC  DCC.L  to buy Esso's 
 ESSF.PA  French motorway retail network (notified Feb. 
2/deadline March 18/simplified) 
                                             
    EXTENSIONS AND OTHER CHANGES 
    None 
                                      
    FIRST-STAGE REVIEWS BY DEADLINE  
     
    FEB 13 
    -- German conglomerate Siemens  SIEGn.DE  to purchase U.S. 
oilfield equipment maker Dresser-Rand Group Inc  DRC.N  
(notified Jan. 9/deadline Feb. 13) 
     
    FEB 16 
    -- Private equity firm Bain Capital to acquire British 
brickmaker Ibstock Group from Irish buidling supplies group CRH 
 CRH.I  (notified Jan. 12/deadline Feb. 16/simplified) 
     
    FEB 17 
    -- Private equity firm Apax Partners to acquire Scandinavian 
IT services provider Evry (notified Jan. 13/deadline Feb. 
17/simplified) 
         
    FEB 19 
    -- Swiss telecoms provider Swisscom  SCMN.VX  and car 
leasing company Sixt to set up a joint venture (notified Jan. 
15/deadline Feb. 19/simplified) 
     
    FEB 20 
    -- French minerals company Imerys  IMTP.PA  to acquire rival 
S&B Minerals (notified Jan. 15/deadline Feb. 20) 
     
    FEB 23 
    -- U.S. conglomerate General Electric  GE.N  to acquire most 
of French engineering group Alstom's  ALSO.PA  power equipment 
business (notified Jan. 19/deadline Feb. 23) 
    -- Commodities trader Cargill  CARG.UL  to buy rival Archer 
Daniels Midland Co's  ADM.N  global chocolate business (notified 
Jan. 19/deadline Feb. 23) 
    -- German DIY retailer OBI to acquire a joint venture led by 
Brico Business Cooperation (notified Jan. 19/deadline Feb. 
23/simplified) 
     
    FEB 25 
    -- Asset manager The Carlyle Group  CG.O  and private equity 
firm Warburg Pincus  WP.UL  to jointly acquire control of credit 
rating agency DBRS Holdings (notified Jan. 21/deadline Feb. 
25/simplified) 
     
    FEB 26 
    -- German car parts maker ZF Friedrichshafen  ZFF.UL  to buy 
U.S. peer TRW Automotive Holdings Corp  TRW.N  (notified Jan. 
22/deadline Feb. 26) 
     
    FEB 27 
    -- Canadian private equity firm Onex Corp  OCX.TO  to 
acquire aseptic filler machines maker SIG Combibloc Group AG 
 SIGN.UL  and SIG Holding USA (notified Jan. 23/deadline Feb. 
27/simplified)   
         
    MARCH 5 
    -- Belgian telecoms group Telenet  TNET.BR  to acquire 50 
percent stake in Belgian broadcasting company De Vijver Media 
(notified Aug. 18/deadline extended for the second time to March 
5 from Feb. 5) 
    -- Daimler  DAIGn.DE  and Kamaz  KMAZ.MM  to merge two 
currently independent joint ventures, MBTV and FKTR, with new 
entity making Mercedes-Benz and Kamaz truck cabins in Russia as 
well as integrating after-sales and spare-parts businesses 
(notified Jan 29/deadline March 3/simplified) 
    -- Belgian telecoms group Telenet  TNET.BR , which is a 
subsidiary of U.S. cable group Liberty Global  LBTYA.O , to 
acquire 50 percent stake in Belgian broadcasting company De 
Vijver Media (notified Aug. 18/deadline extended for the second 
time to March 5 from Feb. 5/companies submitted concessions on 
Nov. 24) 
     
    MARCH 12 
    -- Lone Star Funds to purchase German cement producer 
HeidelbergCement AG's  HEIG.DE  construction products maker 
Hanson Building entities (notified Feb. 5/deadline March 
12/simplified) 
    -- Spanish bank BBVA  BBVA.MC  to acquire sole control of 
Turkish lender Garanti Bank  GARAN.IS  which is now jointly 
controlled by BBVA and Dogus Holding A.S. (notified Feb. 
5/deadline March 12/simplified) 
    -- Australian investment bank Macquarie Group  MQG.AX  and 
Wren House, which is owned by the Kuwait Investment Authority, 
to jointly acquire E.ON's Iberian business (notified Feb. 
5/deadline March 12/simplified) 
     
    MARCH 13 
    -- British insurer Aviva  AV.L  to acquire rival Friends 
Life  FLG.L  (notified Feb. 6/deadline March 13) 
    -- U.S. medical equipment supplier Becton Dickinson & Co 
 BDX.N  to purchase U.S. maker of infusion pumps and other 
medical devices CareFusion Corp  CFN.N  (notified Feb. 
6/deadline March 13) 
     
    MARCH 16 
    -- Irish building products group Kingspan  KSP.I  to acquire 
Belgian holding company Steel Partners NV, which owns Belgian 
insulated panels maker Joris Ide Group (notified Feb. 9/deadline 
March 16) 
    -- Irish drugmaker Actavis  ACT.N  to acquire botox maker 
Allergan  AGN.N  (notified Feb. 9/deadline March 16) 
     
    MARCH 17 
    -- Japanese electronics maker Panasonic Corp  6752.T  and 
holding company Ficosa Inversion, which currently has sole 
control of Ficosa International, to acquire joint control of 
Spanish car parts maker Ficosa International  FICOS.UL  
(notified Feb. 10/deadline March 17/simplified) 
     
    APRIL 30 
    -- French telecoms operator Orange  ORAN.PA  to acquire 
Spanish provider Jazztel  JAZ.MC  (notified Oct. 16/deadline 
extended to April 30 from April 24 after the Commission resumed 
its scrutiny after a four-day halt)  
     
    MAY 13 
    -- Mondelez International Inc  MDLZ.O  and competitor D.E 
Master Blenders  DEMBF.PK  to merge their coffee businesses in 
new company called Jacobs Douwe Egberts (notified Oct. 
27/deadline extended for the third time to May 13 from May 6) 
     
    MAY 26 
    -- U.S. orthopaedic products maker Zimmer Holdings  ZMH.N  
to acquire rival Biomet Inc  LVBHAB.UL  (notified Aug. 
29/deadline May 26 after the companies revised their 
concessions) 
     
    JUNE 26 
    -- PRS for Music Ltd (PRSfM), Foreningen Svenska Tonsattares 
Internationella Mysikbyra (Stim) and Gesellschaft für 
musikalische Aufführungs- und mechanische 
Vervielfältigungsrechte (Gema) to set up a joint venture to 
administer mechanical and performing rights (notified Nov. 
28/deadline extended for the third time to June 26 from May 29)  
     
    SUSPENDED 
    -- SOCAR, Azerbaijan's state energy company, to buy stakes 
in Greek natural gas grid operator DESFA from Greek natural gas 
utility 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 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  
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. 
 
 (Compiled by Philip Blenkinsop) 
 ((Brussels newsroom; +32 2