Travelex to buy Fortis FX unit

Completion of the transaction, which will be subject to the approval of the regulatory authorities, will boost Travelex’s Dutch operations, said Travelex, adding to its existing five bureaux de change in the Netherlands.

"GWK has long been synonymous with FX in the Netherlands and has become a trusted provider of cash money services," said Lloyd Dorfman, Travelex’s chairman and chief executive officer. "This acquisition will greatly strengthen our existing Dutch operations."

The deal follows the

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