September 6, 2017 / 4:44 PM / 2 months ago

UPDATE 1-EU mergers and takeovers (Sept 6)

(Updates with Qualcomm, NXP deal review suspension)

BRUSSELS, Sept 6 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Private equity firms CVC and PAI Partners to acquire the rest of Spanish retailer Cortefiel (approved Sept. 6)

NEW LISTINGS

None

EXTENSIONS AND OTHER CHANGES

-- U.S. smartphone chipmaker Qualcomm to acquire Dutch company NXP Semiconductors NV (notified April 28/deadline suspended from Aug. 17)

FIRST-STAGE REVIEWS BY DEADLINE

SEPT 11

-- Cinven Capital Management and the Canada Pension Plan Investment Board to acquire joint control of GTA Travel Holding Ltd (notified Aug. 4/deadline Sept. 11)

SEPT 14

-- Norwegian-based DNB Bank ASA and Swedish Nordea Bank AB to establish a joint venture concerning their banking activities in Estonia, Latvia and Lithuania(notified Aug. 9/deadline Sept. 14)

SEPT 20

-- China Investment Corporation to acquire European warehouse firm Logicor (notified Aug. 16/deadline Sept. 20/simplified)

-- Buyout group KKR to acquire Dutch car park operator Q-Park (notified Aug. 16/deadline Sept. 20/simplified)

SEPT 25

-- Germany’s Infineon Technologies and SAIC Motor to set up a joint venture (notified Aug. 21/deadline Sept. 25/simplified)

SEPT 26

-- Italian eyewear maker Luxottica and French lens manufacturer Essilor to merge in 46 bln-euro deal (notified Aug. 22/deadline Sept. 26)

-- French reinsurance company Scor to acquire MutRe, a French company involved in the reinsurance of companies’ insurance policies (notified Aug. 22/deadline Sept. 26/simplified)

SEPT 27

-- Swedish real estate company Fastighets AB Balder to buy shares in Serena Properties, jointly owned by Finnish pension fund Varma (notified Aug. 23/deadline Sept. 27/simplified)

SEPT 28

-- VCI ventures, a subsidiary of VW credit to acquire joint control of AutoGravity with DA Investments, subsidiary of Daimler (notified Aug. 24/simplified/deadline Sept. 28)

SEPT 29

-- German car parts maker Aunde Achter & Ebels GmbH and Bader GmbH and Co to set up a joint venture (notified Aug. 25/deadline Sept. 29/simplified)

-- Irish agribusiness company ABP Food Group to acquire an additional stake in Linden Foods Limited, active in the slaughtering and processing of beef and ovine animals (notified Aug. 25/deadline Sept. 29)

-- 3M to buy Johnson Controls’ safety gear unit Scott Safety for $2 billion (notified Aug. 25/deadline Sept. 29)

-- Private equity group Triton to take joint control over Dutch mechanical and electrical engineering services provider Unica Groep (notified Aug. 25/deadline Sept. 29/simplified)

-- Swiss asset manager Partners Group to buy UK software firm Civica for 1 billion pounds ($1.29 billion) (notified Aug. 25/deadline Sept. 29/simplified)

OCT 2

-- Private equity firm Bridgepoint to acquire UK property developer Miller Homes (notified Aug. 28/deadline Oct. 2/simplified)

-- Hong Kong’s CK Infrastructure Holdings Ltd and Cheung Kong Property Holdings Ltd to indirectly acquire joint control of Luxembourg-based heat and water sub-metering company the ista group (notified Aug. 28/deadline Oct. 2/simplified)

OCT 3

-- German recycling company Remondis to acquireGermany’s TSR Recyling (notified Aug. 29/deadline Oct. 3/simplified)

OCT 4

-- Italian baby care products provider Artsana to acquire sole control of baby products retailer Italian peer Prenatal Retail Group, which it now jointly controls with Giochi Preziosi (notified Aug. 30/deadline Oct. 4/simplified)

-- Japanese car parts maker Denso to acquire Japanese peer Fujitsu Ten (notified Aug. 30/deadline Oct. 4/simplified)

-- Private equity firm KKR and U.S. pharmaceutical retailer Walgreens Boots Alliance to acquire indirectly joint control of U.S. pharmaceutical services provider PharMerica (notified Aug. 30/deadline Oct. 4/simplified)

-- U.S. medical equipment supplier Becton Dickinson and Co to acquire U.S. peer C R Bard Inc (notified Aug. 30/deadline Oct. 4)

JAN 8

-- German industrial group Bayer to acquire U.S. seeds company Monsanto (notified June 30/deadline extended to Jan. 8 2018 after Commission opened in-depth investigation)

DEADLINE SUSPENDED

-- German brake systems maker Knorr-Bremse to acquire Swedish peer Haldex (notified June 1/deadline suspended on Aug. 22)

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. (Reporting by Foo Yun Chee)

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