BRUSSELS, April 8 (Reuters) - The following are mergers under review by the European Commission, and a brief guide to the EU merger process:
-- Swiss drugs industry supplier Lonza Group Ltd LONN.VX and Israeli generic drugs maker Teva Pharmaceuticals (TEVA.TA), to form a worldwide joint venture to produce and commercialise biosimilar products (notified April 4/deadline May 14)
-- Dutch ForFarmers, involved in the Agricultural sector, controlled by Dutch Cooperatie FromFarmers U.A., to buy Cefetra BV, a Dutch supplier of raw materials to feed, food and fuel industries (notified April 3/deadline May 14)
-- Spanish insurance group Mapfre (MAP.MC) and Portuguese car retailing group Salvador Caetano acquire joint control of Portuguese car retailer Choice Car, Portuguese fleet management company Finlog, Portuguese car rental company Guerin and Portuguese car accident services management firm Luso, currently owned by Salvador Caetano (notified March 11/deadline April 20)
-- Brazilian diversified conglomerate Votorantim Group VCPA4.SAVCP.N to take sole control of Brazilian paper and pulp company Aracruz Celulose SA ARCZ6.SA(ARA.N), currently controlled jointly by Votorantim, Arapar and Arainvest (notified March 12/deadline April 21)
-- Swedish postal services firm Posten, controlled by the Kingdom of Sweden, enters into a full merger with Danish peer Post Danmark, controlled by the Kingdom of Denmark, by way of a share swap (notified Feb. 26/deadline April 2/extended on March 27/new deadline April 21)
-- Austrian mortgage lender RBSK Group, through its subsidiary Raiffeisen Bausparkasse GmbH [RBGES.UL]; German banking and insurance firm DZ Bank DGBGg.F, through its Bausparkasse Schwaebisch Hall AG arm; and Raiffeisen Bank SA of Romania, a subsidiary of Austrian investment and commercial bank RZB RIBH.VI, to take joint control of Romanian mortgage lender Raiffeisen Banca pentru Locuinte SA (notified March 16/deadline April 23/simplified)
-- U.S. automaker General Motors (GM.N) to acquire the steering business of Delphi Corp, a maker of steering and other automotive components (notified March 23/deadline April 30)
-- Austrian automotive supplier Magna Presstec AG, a subsidiary of Magna International INC MGa.TO, to acquire Czech peer Cadance Innovation s.r.o (notified March 27/deadline May 7)
-- UK private equity investment firm Bridgepoint Capital Group Ltd [BRDG.UL], to buy fund managers Hermes Private Equity Directs Ltd (notified March 31/deadline May 11/simplified)
-- Abu Dhabi state-owned International Petroleum Investment Co (IPIC), to buy Canada’s NOVA Chemicals NCX.TO (notified March 31/deadline May 11/simplified)
-- Italian shipbuilding company Fincantieri-Cantieri Navali Italiani S.p.A, and Italian power and automation technologies group ABB S.p.A, form a new joint venture to develop and sell marine automation systems. (notified March 31/deadline May 11)
-- German airline Lufthansa AG (LHAG.DE) to acquire Belgian air transport company SN Airholding SA/NV, which controls Brussels Airlines (notified Nov. 26/deadline Jan. 12/extended on Jan. 6/new deadline Jan. 26/in-depth probe opened Jan. 27/deadline June 10)
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.