P507 Teletext 507 Mar31 23:43:12
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ABBEY BUYS INTO TRAVEL MONEY
Abbey National moved into the travel
cash business with a one-third stake in
Travelex, the world's largest passenger
terminal bureau de change operator.
Travelex has 190 outlets in the UK, the
USA, Australia, New Zealand and Europe.
The other shareholders are the Hambro
financial services group with 21% and
founder chairman Lloyd Dorfman and his
family with 44%.
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