Bartercard sells Australian division to management

Bartercard has sold Bartercard Australia for A$25.5 million to its Australian management team, led by Trevor Dietz, Murray d'Almeida, Brian Hall, and a private equity backer.

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Commenting on the sale, Lee Lochab, Bartercard finance director said: "This sale was made at an attractive price for Bartercard shareholders and will release capital for investment into the expansion of our international operations."

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