Mexico's antitrust body blocks Visa's acquisition of Prosa

Reuters02-21
Mexico's antitrust body blocks <a href="https://laohu8.com/S/V">Visa</a>'s acquisition of Prosa

MEXICO CITY, Feb 20 (Reuters) - Mexico's National Antitrust Commission $(CAN)$ on Friday blocked Visa's planned 51% acquisition of payment processor Prosa, marking the first major assertion of authority by the country's new competition watchdog.

  • The watchdog found the merger would eliminate a direct competitor, as Visa already operates its own processing services with significant market reach.

  • Regulators said the deal would grant Visa access to sensitive transactional data, creating an unfair advantage over other market participants.

  • Prosa is currently owned by a consortium of Mexican banks, including Banorte, HSBC, Santander, and Scotiabank.

  • The decision marks the first show of strength by the CNA since Mexico's Congress scrapped the previous autonomous regulator, Cofece, in late 2024.

  • Observers are now awaiting the CNA's decision on a separate proposed merger between Mexico's two leading low-cost airlines.

(Reporting by Raul Cortes and Natalia Siniawski)

((natalia.siniawski@thomsonreuters.com;))

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