Germany halts planned deal by Lenzing for Kelheim Hygiene Fibres
23 November 2012 13:47 [Source: ICIS news]
LONDON (ICIS)--?xml:namespace>Germany’s federal competition agency has rejected a planned deal by Austria’s fibre producer Lenzing to acquire a 90% stake in Germany-based Kelheim Hygiene Fibres, it said on Friday.
The Bundeskartellamt said that Kelheim is the world’s leading producer of specialty viscose fibre for tampons, with Lenzing as the only competitor.
The deal would therefore lead to a monopoly in that market, not only in Germany but worldwide, the agency said.
The market had high entry barriers and cotton fibre was not an alternative for viscose fibre in tampons, the agency added.
The companies have one month to appeal the ruling.By: Stefan Baumgarten+1 713 525 2653
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