U.K. regulators have given the green light to a $4 billion ATM tie-up between Brink’s and NCR Atleos, stating that the offer to sell off some parts of Brink’s business should address concerns over the ATM operator’s planned acquisition of its rival.
The clearance comes after regulatory review focused on competition concerns in the ATM operating market. By agreeing to divest certain Brink’s business units, the companies aim to alleviate antitrust worries related to market concentration.
NCR Atleos, formed from NCR’s spin-off of its ATM and related technologies business, is pursuing the acquisition to scale its presence in the global ATM services sector. The deal remains subject to final approvals and closing conditions.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing