( May 15, 2026, 02:57 GMT | Official Statement) -- MLex Summary: Armourguard can collectively negotiate with the New Zealand Banking Association after the country's competition watchdog determined the public benefits outweigh the potential competition risks. In a statement, the New Zealand Commerce Commission said it imposed safeguards, such as legal oversight and information-sharing conditions, to limit coordination, given that Armourguard is now the sole supplier of some cash‑in‑transit services in New Zealand. The approval to collectively negotiate reflects a balance between concerns about coordination between banks and the need for efficient, sustainable cash-in-transit services in a concentrated market, the competition watchdog said. Statement follows....
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