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Sail GP Halifax: The Extreme Race Experience | SaltWire #racing #sailing #catamaranSYDNEY - Australia's money transit provider Armaguard said on Thursday it had secured the funding needed to avoid insolvency from parent firm Linfox, easing concerns among top supermarket chains and banks about cash shortages over the Easter weekend.
Armaguard merged with rival Prosegur last year to create a near-monopoly that was supposed to prop up the industry. But despite the merger, Armaguard said its cash distribution business remained unsustainable amid a rapid shift towards cashless transactions.
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Australia's Armaguard secures funding from parent, rejects rescue dealAustralia's money transit provider Armaguard said on Thursday it had secured the funding needed to avoid insolvency from parent firm Linfox, easing concerns ...
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