Contracts -

Western Union to acquire Travelex Global Business Payments

Western Union is to acquire the Travelex Global Business Payments (TGBP) division for £606 million in cash. TGBP provides international payments services to 35,000 business clients, including over 500 financial institutions. Projected 2011 revenues for the unit are approximately £150 million. Western Union says the acquisition will further its ambitions to expand beyond remittances and [...]

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