The Spanish Supreme Court annuls a Government decision to impose on parties to a merger in the security sector remedies which are substantially and unjustifiably different to the remedies proposed by the National Competition Authority (Prosegur / Blindados del Norte)

Background On June 29, 2000, Prosegur, a company active in the security and cash-in-transit services markets, notified the former Service for Defense of Competition (Servicio de Defensa de la Competencia, “SDC”) of the acquisition of Blindados del Norte (“Blindados”), a company operating in the same sector, but only active in the Spanish northern regions of Navarra and Guipúzcoa. After concluding its assessment, the SDC referred the case to the former Spanish Competition Court (Tribunal de Defensa de la Competencia, “TDC”), which was in charge of reporting on merger control cases where concerns were detected [1] . According to the TDC's report, the transaction would not raise competition concerns in the market of security services, as the market share resulting from the

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Alina Nedea, Albert Pereda Miquel, The Spanish Supreme Court annuls a Government decision to impose on parties to a merger in the security sector remedies which are substantially and unjustifiably different to the remedies proposed by the National Competition Authority (Prosegur / Blindados del Norte), 2 April 2002, e-Competitions April 2002, Art. N° 21950

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