April 23
2021
Juan Jonás
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7th April 2021
Competition & State Aid

Approval decision published: acquisition of Nets’ payment business by Mastercard

Official publication has been made of the European Commission’s decision of 17 August 2020 approving, under Article 6(1)(b) of the EU Merger Regulation, the acquisition of Nets’ A/S’ account-to-account payment business (business unit within Nets A/S, a Danish payment and technology solution provider in the Nordic region and in the Single Euro Payments Area).

The acquiring company is Mastercard (US-based technology company operating in the global payments industry).

The Commission concluded that the proposed acquisition would raise no competition concerns, given the commitments offered by both companies as a response to potential concerns identified by the Commission during its investigation, as reported here by EU Law Live.

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