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Spain: The CNMC probes possible anti-competitive practices ATM networks

By  |  September 30, 2019

Spanish antitrust regulator the CNMC is investigating possible anti-competitive practices consisting of a systematic and unjustified denial to certain financial entities to access a network of ATMs under the same favorable conditions as those offered to others entities.

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    On September 25-27, home inspections were carried out at the headquarters of several companies operating in the aforementioned market, both in banking entities and network administrators. Such inspections are part of the investigation opened by the CNMC, following the receipt of a complaint, which is currently being processed under reference S / 0034/19.

    The inspections represent a preliminary step in the process of investigating the alleged anti-competitive behaviors and do not prejudge the outcome of the investigation or the guilt of the companies inspected.

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