NZ antitrust regulator declines Euronet bid for Ezi-Pay, first rejection since 2008

Fri, 15 Jun 2012

By Paul McBeth June 15 (BusinessDesk) - New Zealand’s Commerce Commission has turned down an application by US payment processor Euronet Worldwide to buy New Zealand's Ezi-Pay, the first time the regulator has rejected a merger application since 2008. In a split decision, the commission said it was concerned about the merger's potential impact on prepaid mobile phone top-ups, it said in a statement. That's the first time the regulator has declined clearance for a merger since it vetoed Tegel Foods proposal to buy rival chicken company Brinks...

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