Germany blocks Lenzing takeover of Kelheim
DUESSELDORF, Germany Nov 23 (Reuters) - Germany's cartel office has blocked the planned takeover of Kelheim Hygiene by Austrian cellulose fibre maker Lenzing, saying it would produce a dominant company in tampon fibres.
Lenzing had wanted to buy 90 percent of Germany's Kelheim.
"Competition would come to a halt not only in Germany but worldwide," cartel office chief Andreas Mundt said on Friday. (Reporting by Matthias Inverardi; writing by Georgina Prodhan; Editing by Mark Potter)
- Scots vote on independence, United Kingdom's fate on knife-edge |
- Australian PM says police raids follow IS linked beheading plot |
- Chinese hacked U.S. military contractors: Senate panel
- China not warlike, says Xi, as border standoff dominates India trip
- IMF warns of risks from 'excessive' financial market bets