November 23, 2012 / 9:31 AM / 5 years ago

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)

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