• Telefónica España’s planned acquisition of a 50% stake in Prosegur, the Spanish security alarm business, has slowed ahead of regulatory approval from the European Commission (EC).

European Commission slows Telefónica España's Prosegur acquisition

European Commission slows Telefónica España’s Prosegur acquisition

Source: Prosegur

Telefónica España’s planned acquisition of a 50% stake in Prosegur, the Spanish security alarm business, has slowed ahead of regulatory approval from the European Commission (EC). The deal was referred to European authorities in January 2020, and the EC ruling is expected on 19 February 2020 following consideration as to whether it would hamper domestic market competition in the security sector.