Travel Cash Giant for Sale at Pounds 1bn ; Travelex Chief Ready for a Deal at the Right Price
Mail on Sunday › December 19, 2004
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Summary
TRAVELEX, the world's biggest foreign exchange company, is up for sale with a Pounds 1 billion-plus price tag.
Deutsche Bank has been appointed to handle the sale of the company, which is is owned and controlled by outspoken anti-euro campaigner Lloyd Dorfman, after several private equity firms made approaches during the summer.See the full content of this document
Extract
Travel Cash Giant for Sale at Pounds 1bn ; Travelex Chief Ready for a Deal at the Right Price
Potential bidders could include CVC Capital Partners and Permira, which together bought the AA from Centrica in July for Pounds 1.75 billion.
Neit...See the full content of this document
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