Loomis Gets Bank of America Cash Processing Deal
24 Junho 2014 - 4:24AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish cash-handling company Loomis AB (LOOM-B.SK)
said Tuesday that its U.S. subsidiary has entered into an agreement
with Bank of America to manage its cash processing and check
imaging services in around 30 locations in the US.
A portion of the bank's notes and coins will be processed in
Loomis' current branches.
The transition of work to existing Loomis branches will commence
in the third quarter of 2014 and is expected to be fully integrated
during the first quarter of 2016.
When fully integrated, the annual revenue for the agreement is
expected to be approximately $20 million.
Shares closed Monday at SEK203.50, valuing the company at
SEK15.32 billion.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Loomis AB (PK) (USOTC:LOIMY)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Loomis AB (PK) (USOTC:LOIMY)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
Notícias em tempo-real sobre Loomis AB (PK) da OTCMarkets bolsa de valores: 0 artigos recentes
Mais Notícias de Loomis AB ADS