MasterCard / VocaLink merger inquiry

The CMA is investigating the anticipated acquisition by MasterCard UK Holdco Limited, an affiliate of MasterCard International Incorporated, of VocaLink Holdings Limited.

Statutory timetable

Phase 1 date Action
4 January 2017 Decision announced
17 October to 31 October 2016 Invitation to comment
17 October 2016 Launch of merger inquiry

Phase 1

CMA to consider undertakings offered

18 January 2017: The CMA considers that there are reasonable grounds for believing that the undertakings offered by the parties, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. A copy of the decision will be available shortly.

Reference unless undertakings accepted

4 January 2017: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns. The full text of the decision will be available shortly.

• Press release: Competition concerns over Mastercard/VocaLink merger (4.1.17)

Notice of extension of the preliminary assessment period

Invitation to comment: closes 31 October 2016

17 October 2016: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

17 October 2016: The CMA has launched its phase 1 investigation following the European Commission’s decision to refer the case to the United Kingdom under Article 4(4) of the EC Merger Regulation.

Contact

Please send written representations about any competition issues to:

Marie-Madeleine Husunu
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

marie-madeleine.husunu@cma.gsi.gov.uk

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