Travelex, the international payment and foreign exchange specialist, has agreed to the disposal of its estate of 1,070 surcharging ATMs in the United Kingdom, to AIM-listed Cardpoint plc f
Travelex, the international payment and foreign exchange specialist, has agreed to the disposal of its estate of 1,070 surcharging ATMs in the United Kingdom, to AIM-listed Cardpoint plc for cash consideration of GBP12.9 million.
Ian Meakins, CEO of Travelex, said: ‘The disposal is another step in the execution of our strategy of focusing on our core businesses of international payments, retail foreign exchange and travel money outsourcing.’
Travelex stated it ‘is now the world’s largest non-bank foreign exchange payments company serving over 29 million customers each year’.
