Cartel Authorities to Block Haspa Deal, FT Deutschland Says

Plans by Hamburger Sparkasse to buy a 25.1 percent stake in Kreissparkasse Herzogtum Lauenburg will be blocked this week by Germany’s cartel authorities, Financial Times Deutschland said, citing a person familiar with the matter.

The cartel office will block the transaction on fears the bank may dominate the market in some areas after the transaction, the newspaper said.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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