EU mergers and takeovers (May 24)

BRUSSELS, May 24 (BestGrowthStock) – The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:


— Oil company Total Italia Spa, controlled by French oil
group Total Holdings Europe S.A.S. (TOTF.PA: ), and ERG Petroli
Spa, part of Italian oil refiner ERG Spa (ERG.MI: ), to acquire
joint control of a newly created refinery venture (approved May

— Private equity firm 3i, via 3i Group (III.L: ) and certain
funds managed by 3i Investments plc, to acquire French health
services operator Vedici Groupe SAS (approved May 21)

— Nordic-based holding company Investor AB acquires sole
control of Swedish aerospace company Saab AB (SAABb.ST: ), which
is jointly controlled by Investor AB and BAE Systems plc
(BAES.L: ), and its subsidiaries (approved May 21)

— Private equity investors Oak Hill Capital Partners,
Cinven [CINV.UL] and CVC Capital Partners SICAV-FIS S.A. to
acquire joint control of Ireland-based aircraft leasing services
company Avolon Aerospace Ltd (approved May 18)

— U.S. beverage company Coca-Cola Enterprises Inc (CCE.N: )
acquires Swiss bottler Coca-Cola Drycker Sverige AB and
Norwegian bottler Coca-Cola Drikker AS (approved May 18)

— U.S. private equity investor Oaktree Capital Group LLC
[OAKCP.UL] acquires U.S. aluminium producer Aleris International
Inc [TXPACA.UL] (approved May 18)


French property investor Altarea (IMAF.PA: ), French insurer
Predica which is part of French bank Credit Agricole (CAGR.PA: ),
and Dutch pension fund ABP, to acquire joint control of French
property operator Aldet (notified 25 May/deadline June




MAY 27

— Egyptian fertiliser producer Orascom Construction
Industries S.A.E acquires the fertiliser and melamine businesses
of Dutch chemicals group DSM (DSMN.AS: ) (notified April
19/deadline May 27/simplified)

— Austrian lender Erste Bank (ERST.VI: ) acquires Austrian
bank ASK (notified April 19/deadline May 27)

— Eurovia, part of construction group Vinci, acquires six
subsidiaries from the Tarmac Group, which is owned by mining
group Anglo American (AAL.L: ) (notified April 19/deadline May 27)

— French national lottery operator La Francaise des Jeux
and French hotel, casino and tourist group le Groupe Lucien
Barriere to set up a joint venture for Internet gambling
(notified April 19/deadline May 27/simplified)

MAY 28

— Italian oil and gas group Eni (ENI.MI: ) acquires Austrian
oil retailer Mobil Oil Austria (MOBIL.LG: ) (notified April
20/deadline May 28)

MAY 31

— Anglo-Dutch consumer goods company Unilever (ULVR.L: )
acquires Sara Lee Corp’s (SLE.N: ) personal care brands (notified
April 21/deadline May 31)


— U.S. electrical products maker Cooper Industries (CBE.N: )
plc and U.S. industrial group Danaher Corp (DHR.N: ) acquire joint
control of a joint venture
for parts of their tools businesses (notified April 23/deadline June


— Train operator Eurostar (UK) Ltd, French railway company Societe
Nationale des Chemins de fer Francais (SNCF) and Belgian rail operator Societe
Nationale des Chemins de fer Belge (SNCB) to restructure their contractual
cooperative joint venture to a full-function joint venture to be jointly
controlled by London & Continental Railways Ltd (LCR) and SNCF (notified April
26/deadline June 3)

— DFDS Tor Line Holding AB, a subsidiary of Danish ferry operator DFDS A/S
(DFDS.CO: ), which is controlled by ocean transport company Lauritzen Fonden, to
acquire sole control of logistics company Norfolk Holdings B.V., which is part
of Danish shipping and oil group A.P. Moller-Maersk (MAERSKb.CO: ) (notified April
26/deadline June 3)


— Private equity firm Advent International acquires British furniture
retailer DFS (notified April 27/deadline June 4)


— Swiss agrochemicals company Syngenta (SYNN.VX: ) to acquire U.S. peer
Monsanto’s (MON.N: ) global hybrid sunflower seeds business (notified April
28/deadline June 7)


— Private equity firm CVC Capital Partners to acquire a stake in
telecommunications company R Cable from Spanish savings bank Caixanova (notified
April 29/deadline June 8/simplified)


— German discount retailer Lidl acquires Plus Trei Romania and Plus Trei
Bulgaria (notified May 5/deadline June 14)


— Gazprom Germania, a subsidiary of OOO Gazprom Export, which is wholly
owned by OAO Gazprom (GAZP.MM: ), and Italian utility A2A Spa (A2.MI: ) to operate
an Italian gas joint venture (notified May 7/deadline June 16)

— Private equity firm Warburg Pincus acquires British discount retailer
Poundland (notified May 7/deadline June 16/simplified)


— U.S. household product company Procter & Gamble Co (PG.N: ) acquires U.S.
consumer goods company Sara Lee’s (SLE.N: ) air care unit Ambi Pur (notified May
10/deadline June 17)

— German power company enviaM Mitteldeutsche Energie AG, controlled by
German utility RWE (RWEG.DE: ), acquires German gas distributor Mitgas, which is
jointly controlled by RWE and Kommunalwirtschaft Sachsen-Anhalt GmbH & Co
Beteiligungs-KG (notified May 10/deadline June 17)

— JPMorgan Chase & Co (JPM.N: ) to acquire the non-U.S. assets of commodities
joint venture RBS Sempra from Royal Bank of Scotland (RBS.L: ) and Sempra Energy
(SRE.N: ) (notified May 10/deadline June 17)



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.

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EU mergers and takeovers (May 24)