German cartel office raises doubts over Rhoen stake plans

FRANKFURT Thu Dec 13, 2012 9:01am EST

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FRANKFURT Dec 13 (Reuters) - The German federal cartel office said it has reservations over a plan by hospital operator Asklepios to take a stake of up to 10.1 percent in rival Rhoen-Klinikum.

The cartel office said that due to Rhoen's structure, a stake of just 10 percent would act as a blocking minority.

Rhoen is however considering changing its bylaws, after its structure - whereby shareholders representing at least 90 percent of its stock must approve any major decision - effectively scuppered a bid by Fresenius, a company source told Reuters in November.

The cartel office will make a final decision in mid-January.

Shares in Rhoen rose were up 2.3 percent at 1356 GMT. (Reporting by Victoria Bryan)