CVO cover-more group limited
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News: CVO Travelex says to sell travel insurance unit for $105 mln

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    26/09/16
    23:22
    Post #: 19434221

    Sept 26 (Reuters) - Travelex Financing Plc TFPI.UL :

    • Has agreed sale of 100 pct of Travelex Insurance Services to Cover-More Group for cash consideration of $105 mln
    • Intends to use net proceeds from sale of TIS to reduce group's net debt
    • Deal is subject to certain closing conditions which we expect to be satisfied before end of 2016
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