Western Union completes Fexco money transfer business acquisition
The Western Union Company (NYSE: WU), a global leader in money transfer services, today announced it has completed the acquisition of the money transfer business of European-based Fexco, one of the company's largest Agents.
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As previously announced, Western Union will now manage and support more than 10,000 consumer-facing locations in seven European countries: the United Kingdom, Spain, Ireland, Sweden, Norway, Denmark and Finland. The acquisition of the business in Norway awaits regulatory approval.
As a result of this transaction, approximately 300 FEXCO employees will join Western Union.