Brussels, 22 April 2024
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by EVO Payments International GmbH (‘EVOG’) and Commerzbank AG (‘Commerzbank’), both of Germany.
The transaction relates primarily to the provision of merchant acquiring services in Germany.
The Commission concluded that the notified transaction would not raise competition concerns, given that the joint venture has negligible activities in the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11462.