CELEX: 32020M9775
Language: en
Date: 2020-04-17 00:00:00
Title: Commission Decision of 17/04/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9775 - GLOBAL PAYMENTS / CAIXABANK / MONEYTOPAY) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 17.04.2020
                                                                C(2020) 2552 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9775 - Global Payments / CaixaBank / MoneyToPay
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                        1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                     2
                Economic Area
Dear Sir or Madam,
1.      On 23 March 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Global
        Payments Inc.("Global Payments", USA) and CaixaBank, S.A. ("CaixaBank", Spain)
        acquire within the meaning of Article 3(1)(b) and of Article 3(4) of the Merger
        Regulation joint control of CaixaBank Electronic Money E.D.E., S.L.
        (“MoneyToPay”, Spain) by way of purchase of shares. 3
2.      The business activities of the undertakings concerned are:
        −     Global Payments: a worldwide provider of payment technology solutions,
              including enterprise and payment management solutions (principally in the US),
              payment card processing, online payment portal solutions and merchant acquiring
              services and products;
        −     CaixaBank: a multinational group of financial services. It mainly provides
              banking services (retail, corporate, private banking), collective investment and
              securitization services as well as the provision of specialised insurance products
              in Spain and Portugal;
        −     MoneyToPay: a company that issues prepaid payment products in Spain,
              Portugal and Austria. These products are VISA prepaid payment cards and
              wearables, which may be universally accepted in any store and special prepaid
              products which are solely accepted on specific stores.
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 104, 31.3.2020, p. 9.
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.
 ---pagebreak--- 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 Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
                                              2