UK competition authority approves VocaLink sale
The UK’s Competition and Markets Authority (CMA) has cleared the way for MasterCard to acquire payments infrastructure provider VocaLink, after the two firms agreed on a package of measures designed to address the authority’s concerns.
The CMA opened an investigation in January into the sale, which would see MasterCard buy a planned 92.4% stake in VocaLink.
VocaLink provides the infrastructure for the UK’s Bacs and FPS retail payments systems, and the Link ATM network.
While the authority
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