The European Commission to decide on Mastercard’s acquisition of parts of Nets

The Norwegian Competition Authority (“NCA”) received a notification on 9 February 2020 of the transaction whereby Mastercard acquires parts of the “Corporate Services” division of Nets A/S. The proposed transaction involves the acquisition of Nets’ account-to-account central infrastructure services and bill payment services.

The merger was notified to both the Danish and Norwegian competition authorities.

The Danish Competition and Consumer Authority sent a request for referral to the European Commission on 27 February 2020. The NCA decided to join Denmark’s request for referral as the merger may affect markets in Norway as well as in EU Member States. The European Commission decided to accept the referral on 3 April 2020.

Now the European Commission will examine the acquisition under the EU Merger Regulation.

Contact information

Therese Halvorsen,
Advisor in Norwegian Competition Authority

Telephone: +47 55 59 76 42