The UK’s competition regulators have given the initial nod to a £350 million (US$460 million) deal between two providers of automated teller machines (ATMs), dismissing concern that the merger would result in increased user service charges.
The Competition and Markets Authority (CMA) gave the approval following an in-depth investigation which assessed whether the merger of Cardtronics and Canadian DirectCash Payments would result in higher surcharges at pay-to-use cashpoints.
The inquiry found the presence of free-to-use ATMs, and the availability of alternative non-cash payment methods, would likely keep prices down.
Full Content: Competition & Markets Authority
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