March 18, 2019 / 5:28 PM / 4 months ago

EU mergers and takeovers (March 18)

BRUSSELS, March 18 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Energy producer and provider Total Holdings USA to acquire sole control over oil and natural gas production company Chevron Denmark (approved March 7)

-- U.S. private equity firm American Securities to acquire property restoration company Belfor Holdings (approved March 7)

-- U.S. private equity firm KKR to acquire Spanish food-food restaurant chain Telepizza (approved March 8)

-- German insurer Allianz, Canada's Public Sector Pension Investment Board and U.S.-based Greystar Real Estate Partners to acquire joint control over London-based student accommodation property Paul Street East through a share purchase agreement (approved March 11)

-- Global aerospace producer, designer and supplier TransDigm Group to acquire sole control over manufacturing company Esterline Technologies (approved March 11)

-- Luxembourg's LetterOne Investment Holdings to acquire supermarket operator DIA (approved March 12)

-- France's Moma Places and Unibal-Rodamco to set up a joint commercial catering venture (approved March 15)

-- French construction company Vinci to acquire Britain's Gatwick Airport (approved March 15)

-- German conglomerate JAB Holding to increase its stake in Coty Inc to 60 percent from 40 percent (approved March 15)

-- Apollo Management to acquire plastic product maker RPC Group (approved March 15)

-- Japanese telecoms provider KDDI Corp and Mitsubishi UFJ Securities Holdings Co Ltd to jointly acquire Japanese online broker Kabu.com (approved March 15)

NEW LISTINGS

-- Mercuria Energy Group to acquire marine fuel logistics company Aegean Marine Petroleum Network (notified March 7/deadline April 11/simplified)

-- France's Caisse des Depots et Consignations and solar group Reden H2 to acquire joint control over French photovoltaic power plant company Berroute (notified March 5/deadline April 9/simplified)

-- France's Mirova and Bouyges Batiment International to acquire joint control of Bouygues Construction Airport Concessions Europe (notified March 5/deadline April 9/simplified)

-- Swedish telecoms provider Telia Company to acquire Bonnier Broadcasting which cludes brands such as Swedish TV4 and streaming service C More and Finnish MTV (notified March 15/deadline April 24)

-- GTCR LLC and U.K.'s Apax Partners LLP to acquire joint control of U.S.-based Dolphin TopCo (notified March 13/deadline April 17/simplified)

EXTENSIONS AND OTHER CHANGES

-- German energy company E.ON to acquire German peer Innogy's retail and network activities (notified Jan. 31/deadline extended to July 23 from March 7 after the Commission opened an in-depth investigation)

FIRST-STAGE REVIEWS BY DEADLINE

MARCH 20

-- U.S. aircraft parts maker Spirit Aerosystems Holdings Inc to acquire EU-based supplier Asco Industries NV (notified Jan. 30/deadline extended to March 20 from March 6 after Spirit offered concessions)

MARCH 22

-- Insurer Marsh & McLennan Companies to acquire share capital of British peer Jardine Lloyd Thompson Group (notified Feb. 1/deadline extended to March 22 from March 8 after Marsh & McLennan offered concessions)

MARCH 25

-- U.S. aluminum company Novelis, which is a unit of India's Hindalco Industries Ltd, to acquire aluminum processor Aleris (notified Feb. 18/deadline March 25)

-- DA Agravis Machinery Holding and Danish Agro Machinery Holding to acquire Kesko Group's agrimachinery activities in Finland, Estonia, Latvia and Lithuania from Finnish subsidiary Konekesko Oy (notified Feb. 4/deadline extended to March 25 from March 11 after the companies offered concessions)

MARCH 27

-- Swiss chemicals company Sika to acquire French rival Parex from private equity firm CVC Capital Partners (notified Feb. 20/deadline March 27)

-- Japan's CK Holdings Co to acquire Italian car parts maker Magneti Marelli from Italian auto maker Fiat Chrysler Automotives (notified Feb. 20/deadline March 27/simplified)

MARCH 28

-- ArcelorMittal and Italy's CLN Group to acquire joint control over two Italian steel service centers of the Ilva Group (notified Feb. 21/deadline March 28)

MARCH 29

-- Financial services company Great-West Lifeco's Irish Life and Clyde Property Fund and UK property developer Hammerson to jointly acquire a shopping centre in Dublin, Ireland (notified Feb. 22/deadline March 29)

-- Carlyle U.S. Equity Opportunity Fund and TA Associates LP to acquire joint control over WU Holdco, Inc. (notified Feb. 22/deadline March 29/simplified)

APRIL 1

-- UK asset management company Segro and Canada's Public Sector Pension Investment Board to jointly acquire a logistics site in Poland (notified Feb. 25/deadline April 1/simplified)

-- UK asset management company Segro and Canada's Public Sector Pension Investment Board to jointly acquire a logistics site in France (notified Feb. 25/deadline April 1/simplified)

-- Mitsubishi's trust and banking corporation to acquire sole control of First State Investments through a share acquisition (notified Feb. 25/deadline April 1/simplified)

APRIL 5

-- U.S. tech and consulting services provider DXC Technology to acquire U.S. software development company Luxoft Holding (notified March 1/deadline April 5/simplified)

APRIL 9

-- India's HCL Technologies to acquire sole control over four of IBM's software product portfolios (notified March 5/deadline April 9/simplified)

APRIL 29

--- Germany's Thyssenkrupp and India's Tata Steel to set up a steel joint venture (notified Sept. 25/deadline April 29)

MAY 20

-- Electronic and motor manufacturing company Nidec to acquire sole control of U.S. white goods maker Whirlpool Corp's compressor subsidiary Embraco (notified Oct. 8/deadline extended to May 20 from May 13)

JUNE 3

-- UK mobile telephony provider Vodafone to acquire U.S. Liberty Global's telecommunications business in the Czech Republic, Germany, Hungary and Romania (notified Oct. 19/deadline June 3)

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. (Reporting by Clare Roth;)

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