Just weeks after the $1.8bn takeover by Diebold of Germany’s Wincor Nixdorf was approved by
shareholders and has already been cleared by competition authorities in a number of other countries, the UK’s Competition and Markets Authority has confirmed the situation in the UK “could differ from other countries” in relation to the number of other ATM providers in the market and potential barriers facing new entrants.
The UK’s competition watchdog has referred a merger between the world’s second and third largest makers of ATM cash machines for an in-depth investigation amid concerns it could lead to a “substantial lessening” of competition.
The competition watchdog offered Diebold until August 26 to suggest potential options to alleviate competition concerns. If the proposals were unacceptable or no remedies were forthcoming, the deal will be referred for an in-depth probe.
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