CELEX: 32021M10226
Language: en
Date: 2021-06-02 00:00:00
Title: Commission Decision of 02/06/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10226 - PROSEGUR / EURONET / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
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 Holding 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.
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---        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. 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.
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