Posted by Carolina JaimesSeptember 4, 2023TRANSPORTVisits 12
Prosegur Cash has merged its cash transport and management (CIT) and ATM business in Australia with the firm Linfox Armaguard to ensure the sustainability of the cash supply in the country.
This operation was announced at the end of July 2022, but did not receive the go-ahead from the Australian competition authorities until June 13. Once the authorization has been obtained, the merger has been closed this Monday.
Under the terms of the operation agreed in July of last year, Prosegur Cash will have 35% of Armaguard, to which it will contribute the businesses free of cash and debt.
2023-09-04 12:04:30
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