Copenhagen, 2013-02-26 13:12 CET (GLOBE NEWSWIRE) -- On December 22, 2010, GN Store Nord filed a claim of EUR 1.1 billion (approximately DKK 8.2 billion) as compensation for the significant loss imposed on GN Store Nord and its shareholders in relation to the German Federal Cartel Office’s unlawful prohibition of the sale of GN ReSound to Sonova on April 11, 2007.
Today, the Court of Cologne, Germany, has dismissed GN Store Nord’s claim. The Court of Cologne acknowledges that the prohibition of the sale was unlawful but assess that this does not result in a liability for the German Cartel Office. The dismissal can be appealed to higher court instances.
GN Store Nord will receive the written opinion from the Court of Cologne supporting its decision within a week. GN Store Nord will thoroughly assess the opinion before deciding whether to appeal the decision.
For further information, please contact:
Michael Bjergby
Director – IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92
