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Travelex shuts UK foreign exchange bureaus, starts talks on funding

Published 03/27/2020, 06:43 AM
Updated 03/27/2020, 06:45 AM
© Reuters. Signage is seen above a Travelex ATM at Manchester Airport in Manchester

© Reuters. Signage is seen above a Travelex ATM at Manchester Airport in Manchester

(Reuters) - Foreign exchange company Travelex on Friday said it has shut all its UK foreign exchange bureaus for around eight weeks due to the coronavirus outbreak and started discussions with its stakeholders for continued access to funds.

© Reuters. Signage is seen above a Travelex ATM at Manchester Airport in Manchester

The company said its stakeholders raised concerns about the difficulties faced by its UK-listed owner Finablr (L:FINF), adding there is no longer an overlap between the boards of the two firms, reflecting independence from Finablr and its shareholders.

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