CMA refers cashpoint merger for in-depth investigation
The CMA has referred the Diebold/Wincor merger for an in-depth investigation.
An ATM.
On 19 August the Competition and Markets Authority (CMA) said it would refer the merger for an in-depth investigation unless Diebold offered acceptable undertakings to address the CMA’s competition concerns about the supply of customer-operated ATMs in the UK.
The CMA gave Diebold until 26 August to offer proposals to address the CMA’s concerns in lieu of a reference. As Diebold has not offered satisfactory undertakings, the CMA will therefore 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 13 February 2017.
All information relating to the investigation is available on the case page.