Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 02.06.2021  
C(2021 ) 4093 final  
PUBLIC VERSION  
EFT Services Holding B.V.  
Rozengracht 12B  
1016 JA Amsterdam  
Netherlands  
 
Prosegur Cash, S.A.  
Santa Sabina 7   
28007 Madrid  
Spain  
Subject : Case M. 10226  – PROSEGUR / EURONET / JV  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 06 May 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  Prosegur Cash, 
S.A. (‘Prosegur’, Spain ), belonging to the group controlled by Prosegur Compañía de 
Seguridad, S.A. , and EFT Services Holdin g B.V. (‘Euronet’, the Netherlands ), 
belonging to the group controlled by Euronet Worldwide, Inc.  acquire within the 
meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control of 
the whole of Latam ATM Solutions, S.L. (‘JV’, Spain)  by way of purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 The Prosegur group provides security services to companies, homes and 
businesses. Prosegur has three business lines: (i) alarms, (ii) security and (iii) 
cash, 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 187, 17.5.2021 , p. 13. 

2  Eurone t is an electronic payments provider. The Euronet group offers payment 
and transaction processing and distribution solutions to financial institutions, 
retailers, service providers and individual consumers. Its product offering 
includes among other things,  ATM, point -of-sale (POS), all types of card and 
merchant acquiring services , 
 The JV w ill own, develop and operate independent ATM networks and will 
provide outsourced ATM services to financial institutions in certain American (in 
particular, Central and L atin American) countries. These services will be 
exclusively provided outside the EEA . 
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph  5(a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agre ement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .