| Decision 739/2021 | |
|---|---|
| File (PDF) | Decision 739/2021 |
| Date of Issuance of Decision |
July 13th, 2021 |
| Government Gazette Issue No | Pending |
| Relevant Market |
|
| Subject of the Decision |
Merger |
| Legal Framework |
Phase I (Article 8 par. 3 of L. 3959/2011) |
| Operative part of the Decision |
Clearance |
|
Acquiring company(ies) |
EFT SERVICES HOLDING B.V. |
|
Target company(ies) |
Euronet Merchant Services, Payment Institution Public Limited company (to which the provision of merchant acquiring servicesbranch of Piraeus Bank was transferred by secession/demerger) |
| Summary of Decision |
On 13/7/2021 the Hellenic Competition Commission (HCC) unanimously approved with its decision No. 739/2021, pursuant to article 8 par.3 of L.3949/2011, the notified concentration dated from 15.4.2021, regarding the acquisition of sole control over the merchant acquiring services branch of Piraeus Bank by the company under the name “EFT SERVICES HOLDING B.V” (part of Euronet Worldwide, Inc group). Pursuant to the above decision, the HCC found that the proposed concentration, which concerns the Merchant Acquiring Services, the POS Provision and Management and the Card Acquiring Processing markets, despite the fact that it falls within the scope of article 6 par. 1 of L. 3959/2011, it does not raise any serious doubts as to its compatibility with the competition rules in the relevant markets concerned. |
| Judicial Means |
Final. No appeal. |
| Decisions by the Court of Appeal of Athens (Administrative Division) |
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