Wednesday 5 August 2015
 
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Travelex

BRS ‘Deal of the Year 2015’ award for Travelex acquisition

BRS Ventures and Holdings, jointly owned by renowned businessmen from Middle East - Saeed Bin Butti Al Qubaisi, Dr B R Shetty and Khalifa Bin Butti Omeir Al Muhairi, has won The Banker’s ‘Middle East M&A Deal of the Year 2015&rsq

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Travelex, UAE Exchange to merge and list in Abu Dhabi

Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram Shetty said. The Indian-born billionaire along with Abu Dhab

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UAE Exchange owner gets $800m loan to buy Travelex

A loan of up to $800 million to help Abu Dhabi-based entrepreneur B R Shetty acquire a majority stake in foreign exchange operator Travelex has been completed, two sources aware of the matter said on Monday. The facility, arranged

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Bahrain Travelex customers cash in

Travelex, a leading foreign currency exchange specialist, is handing out cash rewards to lucky winners of its Cash Prize promotions across all Bahrain branches. Ladan Khan, a truck driver from Kerala, is one of two grand prize winners w

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UAE tycoon wins $800m loan deal to buy Travelex

Goldman Sachs and Qatar National Bank (QNB) are arranging a $800 million loan to help Abu Dhabi-based entrepreneur B R Shetty acquire a majority stake in foreign exchange operator Travelex, he said on Tuesday. "The jumbo tran

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UAE Exchange owner BR Shetty acquires Travelex

UAE businessman Dr B R Shetty, the owner of UAE Exchange, together with equity partners associated with Centurion Investments, have entered into an agreement to acquire Travelex Holdings Limited, a leading foreign exchange firm, from funds advis

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UAE Exchange 'in talks to buy Travelex'

Private equity firm Apax is in talks to sell Travelex to the owner of the UAE Exchange, two sources familiar with the matter said on Thursday, suggesting a rethink of its planned 1 billion-pound ($1.7 billion) listing of the foreign exchange com

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Travelex aims for London market listing

British foreign exchange company Travelex is seeking to list on the London stock exchange in May or June this year, two sources familiar with the matter said on Friday, in a deal which one said could value the company at more than 1 billion poun

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Travelex opens new store in Bahrain

Travelex opened its 29th store in Budaiya, coinciding with its 10th anniversary in Bahrain. The opening comes as Travelex builds momentum on its growth strategy, for which the Middle East plays an integral part. &qu

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Travelex opens new branch in Bahrain

Leading foreign exchange specialist Travelex has opened its 25th branch at Tubli area in Bahrain as part of its expansion strategy for the Kingdom. "After entering Bahrain just eight years ago, we are incredibly proud to now be opening our

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