EU mergers and takeovers (Jan 20)
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EU mergers and takeovers (Jan 20)

www.reuters.com   | 20.01.2012.

BRUSSELS, Jan 20 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:
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APPROVALS AND WITHDRAWALS:

None

NEW LISTINGS:

-- Private equity firms H.I.G. Europe Capital Partners and General Atlantic to acquire joint control of the FNZ Group, which provides investment management software to the financial services industry (notified Jan. 17/deadline Feb. 21/simplified)

EXTENSIONS AND OTHER CHANGES

-- U.S. Internet search engine Google to acquire U.S. handset maker Motorola Mobility (notified Nov. 25/deadline extended to Feb. 13 from Jan. 10 deadline as the Commission restarts the clock following data submitted by Google)

FIRST-STAGE REVIEWS BY DEADLINE

FEB 2

-- Japan's Sony to acquire sole control of mobile phone company Sony Ericsson which is jointly owned by Sony and Ericsson (notified Dec. 19/deadline Feb. 2/simplified)

FEB 6

-- French utility EDF to acquire sole control of Polish power group ERSA which is now jointly controlled by EDF and Energie Baden-Württemberg AG (EnBW) (notified Dec. 22/deadline Feb. 6/simplified)

-- Financial services company Advent International Corp to acquire 49.99 percent of industrial company Maxam (notified Dec. 22/deadline Feb. 6)

-- French agricultural cooperative Terrena and France's Lyonnaise de Eaux, which is a subsidiary of Suez Environnement to set up a water management joint venture (notified Dec. 22/deadline Feb. 6/simplified)

FEB 9

-- Deutsche Boerse and NYSE Euronext to merge (notified June 29/deadline extended to Feb. 9 from Jan. 23, the second extension, after the operators submitted additional concessions)

FEB 10

-- German food processing company Saria Bio-Industries, which is owned by Germany's Rethmann Group, to acquire sole control of Dutch food producer Teeuwissen, Dutch holding company Quintet, and Spanish holding company Jagero Holding II (notified Jan. 6/deadline Feb. 10)

FEB 15

-- Private equity fund Apollo Global Management to acquire chemical company Taminco from CVC Capital Partners (notified Jan. 11/deadline Feb. 15)

-- General Electric and software company Microsoft to set up a healthcare software joint venture (notified Jan. 11/deadline Feb. 15/simplified)

FEB 16

-- French utility EDF to acquire sole control of Polish power group Kogeneracja which it now jointly owns with Energie Baden-Wuerttemberg (EnBW) (notified Jan. 12/deadline Feb. 16/simplified)

FEB 20

-- French dairy producer Senoble and French agricultural cooperative Agrial to set up a joint venture (notified Jan. 16/deadline Feb. 20)

APRIL 2

-- U.S. healthcare company Johnson & Johnson to acquire Swiss medical devices maker Synthes Inc (notified Sept. 27/deadline extended to April 2 from March 19)

APRIL 25

-- German sugar company Suedzucker to acquire a 25 percent stake in British commodities trading company ED&F Man (notified Sept. 19/deadline extended for the second time to April 25 from March 30)

JUNE 4

-- Compagnia Italiana di Navigazione to acquire Italian state-owned ferry group Tirrenia (notified Nov. 20/deadline extended to June 4 from Jan. 18 after the Commission opens an in-depth probe)

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.



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