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General

EU green lights Telefonica's acquisition of Prosegur's alarm business

Thursday 20 February 2020 | 15:22 CET | News
The European Commission has unconditionally approved Telefonica's acquisition of a 50 percent stake in the Spanish alarm business of private security company Prosegur on the basis that the deal is unlikely to hinder effective competition in the markets in question. The companies announced the agreement in September, proposing to acquire joint control over Prosegur Alarmas, with Telefonica valuing its half of the shares at around EUR 300 million.

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Categories: General
Companies: European Commission / Telefonica
Countries: Spain
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