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Stock impact report

Corsair Completes Sale of eurochange to The Western Union Company, Finalizes Exit from NoteMachine

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Corsair, a financial services investor focused on payments, software and business services, today announced it has completed the sale of eurochange (the “Company”), formerly a subsidiary of Corsair portfolio company NoteMachine and one of the leading high street retailers of travel money in the United Kingdom, to a subsidiary of The Western Union Company (“Western Union”). Following the October 2022 disposal of NoteMachine’s UK ATM and Testlink divisions to the Brink’s Company, the sale of eurochange represents the full exit of Corsair’s position in this investment.Since the acquisition of eurochange, it has become a leading high street retailer of travel money, growing the store estate from 96 locations to over 230. This has been supported by new and expanded partnerships with leading UK retailers and financial institutions including Morrisons and NatWest.“With Corsair’s investment and supportive partnership over the past several years, significant prog Show less Read more
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