Wednesday, 14 July 2021 14:07

Press Release - Clearance of EFT SERVICES HOLDING B.V. (Euronet Worldwide Inc)/Piraeus Bank (merchant acquiring activities)

Subject: Clearance by the Hellenic Competition Commission (“HCC”) of the concentration concerning the acquisition by «EFT SERVICES HOLDING B.V.» (part of Euronet Worldwide, Inc group) of sole control of the Pireaus Bank merchant acquiring activities

On 13 July 2021, by its unanimous Decision No. 739/2021, the HCC approved, pursuant to Art. 8(3) of Greek Law 3959/2011, the proposed transaction notified on 15/4/2021, concerning the acquisition by «EFT SERVICES HOLDING B.V.» (part of Euronet Worldwide, Inc group) of sole control of the Pireaus Bank merchant acquiring activities.

Pursuant to the above decision, the HCC found that the proposed concentration, which concerns the Merchant Acquiring, the POS Provision and Management and the Card Acquiring Processing markets does not raise any serious doubts as to its compatibility with the competition rules in the respective markets.

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