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Anjum Shabbir
20th January 2020
Competition & State Aid

Merger: go-ahead given for acquisition of Cash Payment Solutions by Glory and Grenke Bank

Approval has been granted by the Commission for the acquisition of joint control of the German Cash Payment Solutions GmbH (online payment service developer) by the Japanese Glory LTD (manufacturer) and German Grenke Bank AG (focusing on SMEs)

The approval decision was based on the limited impact the transaction would have on the market.

To read more, see the Commission’s press release here.


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