PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/17 - Shift4 / Global Blue
Acquired
Global Blue Group Holding AG
Description
It operates in the value added tax refund services sector.
Acquiring
SHIFT4 PAYMENTS, INC.
Description
Company providing payment processing software and solutions, serving a diverse range of merchants, from small local owner-operated businesses to global enterprises, including a comprehensive payment platform and various other technology solutions.
Sector
  • Trade and Services
Activity (NACE)
  • N829 - Business support service activities n.e.c.
Applicable legislation
Art. 37(1)(a) (Law 19)
Notification thresholds
Market Share threshold
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger operation consists of the indirect acquisition, by Shift4 Payments, Inc. (“Shift4”), through GT 1 Holding GmbH, a company created for this purpose, of exclusive control of Global Blue Group Holding AG (“Global Blue").
Timeline
2025-04-09
The AdC issued a non-opposition decision to the merger 17/2025 - Shift4 / Global Blue.
2025-03-13
Shift4 Payments notifies the acquisition of exclusive control over Global Blue.
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