EU merger reviews at a glance outlook

Date : 03/27/2008 @ 7:49AM
Source : TFN
Stock : Tech Data Corp (TECD)
Quote : 32.97  0.26 (0.79%) @ 4:54PM
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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

April 28 -Proposed acquisition by Tech Data Corp of Scribona assets

April 29 -Proposed joint venture between Carmel Olefins, Domo Chemicals

PHASE ONE INVESTIGATIONS

March 28 -Proposed acquisition by Nokia of Navteq
    -Proposed acquisition by 3M of Aearo

March 31 -Proposed acquisition by Axa, CDC of 57 Accor hotels (Candidate for
simplified procedure)
    -Proposed joint venture between Toyota Tsusho, Scholz (Candidate for
simplified procedure)

April 1 -Proposed joint venture between Bosch, Mahle (Candidate for simplified
procedure)

April 2 -Proposed acquisition by Bridgepoint of Pret a Manger (Candidate for
simplified procedure)
    -Proposed acquisition by Associated British Foods of GB Ingredients' yeast
business

April 3 -Proposed acquisition by Randstad of Vedior
    -Proposed acquisition by BNP Paribas of stake in Natixis' SLIB unit
(Candidate for simplified procedure)
    -Proposed acquisition by Eaton of Moeller Group
    -Proposed acquisition by Platinum Equity unit of Delphi Corp's steering and
half shaft business (Candidate for simplified procedure)

April 4 -Proposed joint venture between SAB Miller, Molson Coors (Candidate for
simplified procedure)
    -Proposed acquisition by Heineken of Scottish & Newcastle assets

April 7 -Proposed acquisition by EADS Astrium of Euro Heat Pipes stake
(Candidate for simplified procedure)
    -Proposed acquisition by AXA of Klepierre's stake in Courier shopping
centre, Annecy, France (Candidate for simplified procedure)

April 8 -Proposed acquisition by FCC, Porr of Autoput (Candidate for simplified
procedure)

April 9 -Proposed acquisition by Renault of Avtovaz stake
    -Proposed acquisition by AAC Capital, Polaris of BabySam (Candidate for
simplified procedure)

April 10 -Proposed acquisition by Ingersoll Rand of Trane

April 11 -Proposed acquisition by Autogrill of remaining 50 pct Aldeasa stake
(Candidate for simplified procedure)
    -Proposed joint venture between ArcelorMittal, BE Group

April 14 -Proposed acquisition by Candover of Towergate stake (Candidate for
simplified procedure)
        -Proposed acquisition by Itema of Barco's BarcoVision

April 16 -Proposed acquisition by Vivendi Games of Activision Inc
    -Proposed acquisition by Candover of Bourne Leisure (Candidate for
simplified procedure)

April 17 -Proposed acquisition by Groupama of OTP Bank's insurance arm OTP
Garancia, 8 pct stake in OTP Bank

April 18 -Proposed acquisition by Suez Environment of SITA Sverige stake
(Candidate for simplified procedure)

April 21 -Proposed acquisition by Marel of Stork Food Systems
    -Proposed acquisition by Roxel of Protac 

April 23 -Proposed acquisition by Altor of Stora Enso's Papyrus (Candidate for
simplified procedure)
    -Proposed acquisition by Statoil of ConocoPhillips' JET petrol stations
    -Proposed acquisition by Colony Capital of Paris Saint-Germain holding
company Colfilm stake (Candidate for simplified procedure)

April 24 -Proposed acquisition by GDF, Suez of Teesside Power
    -Proposed joint venture between Acea, Pirelli Ambiente

April 28 -Proposed acquisition by Cognetas, Englefield Capital of Morrison
Utility Services
        -Proposed acquisition by Tech Data Corp of Scribona assets

April 29 -Proposed joint venture between Carmel Olefins, Domo Chemicals

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

May 5 -Proposed acquisition by TomTom NV of Tele Atlas NV

May 15 -Proposed acquisition by STX Shipbuilding of stake in Aker Yards ASA

May 23 -Proposed acquisition by Arjowiggins of M-Real Zanders Reflex mill

July 22 -Proposed acquisition by OMV AG of MOL

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
pam/jfr/nc/am/nc/kf1/nc/slm/nc/rfw

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