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Armaguard-Prosegur deal was discussed with government, central bank, says Australian official

By Ryan Cropp and James Panichi ( March 25, 2024, 18:00 GMT | Insight) -- Australian government and central bank officials met with the competition regulator to discuss a potential monopoly-making merger between cash-in-transit companies Linfox Armaguard and Prosegur Australia before the watchdog had made its final decision on the deal, a parliamentary hearing has heard. Appearing at an Australian Senate inquiry late on Monday, Australian Competition & Consumer Commission official Tom Leuner confirmed that his agency had attended a meeting of the Reserve Bank of Australia and the Australian Treasury to discuss the proposed deal.Australian government and central bank officials met with the competition regulator to discuss a potential monopoly-making merger between cash-in-transit companies Linfox Armaguard and Prosegur Australia before the watchdog had made its final decision on the deal, a parliamentary hearing has heard....

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