UK Regulator Set to Clear Bottomline's Acquisition of Experian Payments Gateway
18 February 2020 - 10:46PM
Dow Jones News
By Adria Calatayud
The U.K.'s Competition and Markets Authority said Tuesday that
it has provisionally found that Bottomline Technologies Inc.'s
acquisition of Experian Payments Gateway from Experian PLC doesn't
raise competition concerns.
The antitrust regulator said an in-depth analysis of the deal
provisionally found that the merger isn't likely to raise
competition concerns as EPG is no longer a strong force in the
market and there remain enough alternative providers. The
investigation was conducted by an independent group of panel
members, the CMA said.
Both Bottomline and EPG make payments software used by
businesses to submit direct debits, make payroll payments and pay
suppliers, and the CMA had previously said it was concerned the
deal may reduce competition. The regulator in October referred the
merger for an in-depth probe after completing a phase 1
investigation.
The CMA said it is now seeking views on its preliminary findings
by March 10 before making a final decision. It is due to release
its final report by April 5.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
February 18, 2020 06:31 ET (11:31 GMT)
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