UPDATE 2-GN files 1.1 bln euro claim against German watchdog

* Files claim against German Federal Cartel Office
* Claim stems from 2007 blocking of GN Resound sale

* Cartel office says has not received claim

(Adds quote from German authority; updates share price)

COPENHAGEN, Dec 22 (BestGrowthStock) – Danish hearing aid and
headset maker GN Store Nord (GN.CO: ) has filed a 1.1 billion
euros ($1.45 billion) claim against Germany’s cartel watchdog
over the 2007 blocking of the sale of its GN Resound unit, the
company said on Wednesday.

GN Store Nord had said in May that it would seek damages for
the German Federal Cartel Office’s prohibition of the sale of GN
ReSound to Swiss rival Sonova (SOON.VX: ) after the German Federal
Supreme Court struck down the cartel agency’s decision.

“Today GN has filed a 1.1 billion euro claim at the District
Court (Landgericht) in Bonn, Germany,” GN Store Nord said in a
statement.

A spokesman for the German Federal Cartel Office said the
office had not received any claim.

“We were aware that the company was considering that. But we
considered such a claim to be rather futile,” the spokesman
said.

Officials at the district court in Bonn were not immediately
available for comment.

In October 2006, GN agreed to sell GN ReSound to Sonova for
15.5 billion Danish crowns ($2.74 billion) in cash on a debt and
cash free basis.

The transaction was subject to approval by the competition
authorities in a number of countries, including Germany.

The German cartel office blocked the deal, ruling that it
would result in collective dominance in the German hearing aid
market between Sonova, Germany’s Siemens (SIEGn.DE: ) and Danish
rival William Demant Holding (WDH.CO: ), GN said.

Shares in GN Store Nord traded up 0.8 percent at 49.21
crowns by 1337 GMT, against the trend of a soft Copenhagen
bourse (.OMXC20: ).
($1=.7605 Euro)
($1=5.666 Danish Crowns)
(Reporting by John Acher; Additional reporting by Tom
Kaeckenhoff in Duesseldorf; Editing by Jon Loades-Carter)

UPDATE 2-GN files 1.1 bln euro claim against German watchdog