November 26, 2008 / 4:52 PM / 10 years ago

EU mergers and takeovers (Nov 26)

BRUSSELS, Nov 26 (Reuters) - The following are proposed mergers, acquisitions and joint ventures under review by the European Commission, and a brief guide to the EU merger process:


— Swedish mobile telecoms equipment maker Ericsson (ERICb.ST) and chipmaker STMicroelectronics (STM.PA) form Swiss joint ventures JVD and JVS (approved Nov. 26)

— Rail Cargo Austria AG, a freight transport and forwarding company, to buy Hungarian peer MAV Cargo (approved Nov. 25)

— British private equity fund BC Funds, managed by CIE Management II Ltd and advised by BC Partners Ltd, active in various sectors throughout Europe, to acquire Germany’s Starkstrom Geratebau, which makes electrical power transformers (approved Nov. 26)


— Norwegian oil and gas group StatoilHydro STL.OL and Finnish motor fuel retail supplier St1 Oy take joint control of jet fuel retailer St1 Avifuels Oy of Finland (notified Nov. 19/deadline Jan. 5)

— Luxembourg private equity funds Nuclobel Lux 1 S.a.r.l and Nuclobel Lux 2 S.a.r.l, controlled by Britain’s Permira Holdings LLP, acquire joint control of Britain’s NDS, which provides technical services to pay-TV broadcasters and is solely controlled by U.S. diversified media group News Corp NWSa.N (notified Nov. 20/deadline Jan. 6/simplified)

— German retailer REWE and Swiss retailer Coop eG BELN.S take joint control of German wholesaler transGourmet Holding SE (notified Nov. 18/deadline Dec. 23/simplified)

— UK-registered Evonik Power Minerals GmbH, owned by German Evonik Industries AG [RUHR.UL], active in chemicals, energy and real estate; and British waste management, transportation and mining firm Hargreaves Services Plc, belonging to the Hargreaves Group, form joint venture Evonik Hargreaves Ltd (notified Nov. 20/deadline Jan. 6/simplified)

— Hong Kong deep-sea container services provider Hutchison Ports Taranto B.V c/o, owned by Hutchison Whampoa Ltd Group 0013.HK2332.HK, and Taiwan shipping firm Evergreen Marine Corp (2603.TW), part of the Evergreen Group, take joint control of Italy’s Taranto Container Terminal S.p.A, which provides terminal services at the port of Taranto (notified Nov. 18/deadline Dec. 23)


— Dow Chemical Co DOW.N, a U.S. chemical maker, to acquire U.S. specialty chemicals counterpart Rohm & Haas ROH.N (notified Nov. 10/deadline Dec. 15/extended to Jan. 8/on Nov. 25, deadline extended to Jan. 8)

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