Prior notification of a concentration (Case M.10226 — Prosegur/Euronet/JV) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 187/07
Date: 2021-05-17
Institutions: Directorate-General for Competition, European Commission
Subjects: cash-in-transit, economic concentration, electronic banking, financial services, merger control, payment system, provision of services








C_2021187EN.01001301.xml










17.5.2021   


EN


Official Journal of the European Union


C 187/13






Prior notification of a concentration
(Case M.10226 — Prosegur/Euronet/JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2021/C 187/07)

1.   
On 6 May 2021, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Prosegur Cash, S.A. (‘Prosegur’, Spain), belonging to the group controlled by Prosegur Compañía de Seguridad, S.A., and










—


EFT Services Holding B.V. (‘Euronet’, the Netherlands), belonging to the group controlled by Euronet Worldwide, Inc.




Prosegur and Euronet acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control of Latam ATM Solutions, S.L. (‘JV’, Spain).
The concentration is accomplished by way of purchase of shares.


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.










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Euronet 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 will own, develop and operate independent ATM networks and will provide outsourced ATM services to financial institutions in certain American (in particular, Central and Latin American) countries. These services will be exclusively provided outside the EEA.






3.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.10226 — Prosegur/Euronet/JV
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Fax +32 22964301
Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.