EuroConex Technologies UK Ltd / Alliance & Leicester

OFT closed case: Completed acquisition by EuroConex Technologies UK Ltd of Alliance & Leicester's merchant acquirer business.

• From: Competition and Markets Authority
• Published: 22 June 2004

• Case type: Mergers
• Case state: Closed
• Market sector: Distribution and service industries
• Outcome: Mergers - phase 1 found not to qualify
• Closed: 22 June 2004

Affected market: Merchant acquiring services

No. ME/1117/04

On the basis of the information available to it, the Office of Fair Trading has decided that the completed acquisition by EuroConex Technologies UK Ltd of Alliance & Leicester's Merchant Acquirer Business does not qualify for investigation under the mergers provisions of the Enterprise Act 2002 (the Act), because neither the UK turnover test nor the share of supply test in section 23 of the Act is met. A relevant merger situation has, therefore, not been created.

 

Published 22 June 2004