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Armaguard-Prosegur merger approval continues to attract criticism in Australia

By James Panichi ( February 26, 2025, 20:00 GMT | Insight) -- The controversial 2023 decision authorizing the tie up of Linfox Armaguard and Prosegur Australia to establish a monopoly in cash distribution continues to haunt Australia’s competition regulator, with lawmakers again raising questions about whether the deal should have gone through. In a hearing of the Australian Senate on Wednesday night, the head of the Australian Competition & Consumer Commission, Gina Cass-Gottlieb, also faced pressure from opposition senators on whether there had been further antitrust probes targeting Armaguard since the merger.The controversial 2023 decision authorizing the Linfox Armaguard and Prosegur Australia tie-up to establish a monopoly in cash distribution continues to haunt Australia’s competition regulator, with lawmakers again raising questions about whether the deal should have gone through....

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