EU merger reviews at a glance outlook

Date : 08/20/2007 @ 11:19AM
Source : TFN
Stock : Bnp Paribas (BNP)
Quote : 9.93  0.0 (0.00%) @ 4:23PM
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EU merger reviews at a glance outlook

        BRUSSELS (Thomson Financial) - The following mergers and joint venture
agreements have been notified to the European Commission for regulatory
clearance:

RECENT NOTIFICATIONS

Sept 18 -Proposed joint venture between Merrill Lynch & Co Inc and Abbey
National

RECENT EXTENSION

Sept 7 -Proposed acquisition by Ineos of Norsk Hydro ASA's Kerling

RECENT INQUIRY RESTART

Sept 5 -Proposed acquisition by SCA of P&G tissue business

PHASE ONE INVESTIGATIONS

Aug 20 -Proposed acquisition by Apax Partners SA of Telenor ASA satellite
services unit
       -Proposed acquisition by T-Mobile of Orange Nederlands

Aug 21 -Proposed acquisition by Cinven's Rozier of BHS Holdings
       -Proposed acquisition by Allianz SE consortium of Scandlines (Candidate
for simplified procedure)

Aug 23 -Proposed acquisition by Sumitomo Chemical Co Ltd, Itochu Corporation,
Toyo Ink Manufacturing Co Ltd of AK&N (Candidate for simplified procedure)
       -Proposed acquisition by Syral of Tate & Lyle division

Aug 24 -Proposed acquisition by Ineos of Borealis' Norwegian operations
       -Proposed acquisition by WL Ross of C&A Automotive Interior Business
(Candidate for simplified procedure)

Aug 27 -Proposed joint venture between Alstom and SBB Cargo (Candidate for
simplified procedure)

Aug 28 -Proposed acquisition by Candover of Stork (Candidate for simplified
procedure)
       -Proposed acquisition of Flextronics of Selectron
       -Proposed acquisition by CVC Capital Partners of Taminco

Aug 29 -Proposed joint venture between Television Francaise (TF1) and Artemis

Aug 30 -Proposed acquisition by Rhenus of TMI (Candidate for simplified
procedure)
       -Proposed acquisition by Basic Element unit Russian Machines of Magna
International Inc
       -Proposed joint venture between BP, Associated British Foods and DuPont
biofuel

Aug 31 -Proposed solar-grade silicon joint venture between Umicore and Norsk
Hydro ASA (Candidate for simplified procedure)
       -Proposed acquisition by ECAS, 3i Group of Hejenion (Candidate for
simplified procedure)

Sept 3 -Proposed acquisition by Etex Group and Lafarge SA of Gyplac (Candidate
for simplified procedure)

Sept 4 -Proposed acquisition by Norddeutsche Affinerie AG of Cumerio

Sept 5 -Proposed acquisition by Nationale a Portfeuille (CNP) of 50 pct stake in
Go Voyages (Candidate for simplified procedure)
       -Proposed acquisition by Kesa Electricals PLC of Electrodomesticos Menaje
Del Hogar Sociedad Anonima (EMH) (Candidate for simplified procedure)
       -Proposed acquisition by Wallenius, Antelo of AutoLogics's GAL (Candidate
for simplified procedure)
       -Proposed acquisition by SCA of P&G tissue business

Sept 7 -Proposed acquisition by Bayerische Landesbank of Hypo Alpe Adria Bank
(Candidate for simplified procedure)
       -Proposed acquisition by Yara International ASA of Kemira GrowHow Oyj
       -Proposed acquisition by Ineos of Norsk Hydro ASA's Kerling

Sept 10 -Proposed merger between Saga, AA

Sept 11 -Proposed joint venture between Penske Corp and General Motors Corp

Sept 12 -Proposed joint venture between Amadeus IT Group SA and Sabre Holdings
(Candidate for simplified procedure)
        -Proposed acquisition by BNP Paribas unit Cetelem of Findomestic Banca
(Candidate for simplified procedure)

Sept 13 -Proposed acquisition by Bain Capital LLC of Brake Bros (Candidate for
simplified procedure)
        -Proposed acquisition by Dubal, Mubadala of Emal joint venture
(Candidate for simplified procedure)
        -Proposed acquisition by PSB of Ovako (Candidate for simplified
procedure)
        -Proposed acquisition by Sagard of Flakt Woods (Candidate for simplified
procedure)

Sept 14 -Proposed acquisition by AGCO, ARGO of Laverda (Candidate for simplified
procedure)
        
Sept 17 -Proposed acquisition by Carlyle of Zodiac SA marine unit
        -Proposed acquisition by GDFI of Energie Investimenti (Candidate for
simplified procedure)
        -Proposed acquisition by CVC Capital Partners of Univar NV

Sept 18 -Proposed acquisition by Groupama of Nuova Tirrena (Candidate for
simplified procedure)
        -Proposed acquisition by KKR of Harman International
        -Proposed acquisition by Ericsson AB of LHS AG
        -Proposed acquisition by Ineos, Champagne Cereales for joint control of
Thywissen 
        -Proposed joint venture between Merrill Lynch & Co Inc and Abbey
National

Sept 19 -Proposed acquisition by Banco Santander Central Hispano of ABN Amro
Holding NV's assets (Candidate for simplified procedure)
        -Proposed acquisition by Fortis NV of ABN Amro assets
        -Proposed acquisition by Royal Bank of Scotland of ABN Amro assets
        -Proposed acquisition by Alstom of Ecotecnia

The Commission launches first-phase inquiries into all deals that meet EU merger
thresholds. These inquiries last one month, but are extended by two weeks when
companies offer remedies, or when a national competition authority asks to rule
on the deal. A deal that is not expected to raise competition concerns may be
submitted as a candidate for the EU's simplified merger procedure, a reduced
regulatory process. The Commission is entitled to transform a simplified inquiry
into a full first-phase inquiry.

IN-DEPTH SECOND-PHASE INVESTIGATIONS

Sept 13 -Proposed acquisition by Travelport Ltd of travel reservations systems
operator Worldspan LP

Oct 10 -Proposed merger between Sony Corp and Bertelsmann AG's recorded music
divisions

Oct 19 -Proposed acquisition by Kronospan of Constantia Industries A's raw and
coated particle board business

Dec 12 -Proposed acquisition by A-TEC's AEE of GEA's Lentjes

Dec 14 -Proposed acquisition by Syniverse of Billing Services Group unit

The Commission opens in-depth probes lasting up to four months if competition
concerns cannot be resolved during the first-phase inquiry.

nina.chestney@thomson.com
sz/am/nc/dca/nc/ajb/nc/ejb/nc/ms1/nc/rfw/nc/lce

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