UK Orders Diebold To Cash Out ATM Biz To Clear $2B Merger

Law360, Fort Wayne (March 16, 2017, 3:43 PM EDT) -- Diebold Nixdorf Inc. said Thursday that it plans to divest its customer-operated ATM business in the U.K. as part of a bid to appease the country’s antitrust watchdog and gain approval for its $1.81 billion takeover of Wincor Nixdorf AG.

The company said it is actively pursuing a sale, adding that it already has a purchaser in mind. A sale would put to rest concerns raised by the U.K.’s Competition and Markets Authority, which took issue with the effect the merger would have on the U.K....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.