Tuesday 16 May 2017 @ 09:10
Competition & Markets Authority
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ATM merger referred for full investigation

Cardtronics’ purchase of rival ATM provider DCP is being referred for an in-depth investigation, after the CMA found competition concerns.

On 3 May the Competition and Markets Authority (CMA) said it would refer the merger for a phase 2 investigation unless Cardtronics offered acceptable proposals to address these concerns by 10 May.

As Cardtronics has not offered these undertakings, the CMA will now refer the merger.

A decision on the merger will be made by a group of independent panel members supported by a case team of CMA staff. The deadline for the final report is 27 October 2017.

All information relating to the investigation is available on the case page.

 

Channel website: https://www.gov.uk/government/organisations/competition-and-markets-authority

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