News
News

Brink’s Announces Investment in MoneyGram

Thursday, February 27, 2020

Company: Brink's Global Services Limited

RICHMOND, Va., February 6, 2020 – The Brink’s Company (NYSE: BCO), the global leader in total cash management, today announced that it has invested $9 million in MoneyGram International, Inc. (NASDAQ: MGI), one of the world’s largest money transfer companies. This equity investment lays the foundation for the companies to develop a long-term strategic partnership to pursue mutually beneficial near and long-term commercial opportunities. The company has no intention to acquire a controlling interest in MoneyGram.

Management intends to continue its proven strategy of aggressively pursuing accretive acquisitions in its core business while also implementing its internal organic growth initiatives. These strategies have created substantial value over the last three years and are expected to drive significant additional value in the future.

Brink’s announced that it had invested in MoneyGram during the fourth quarter of 2019 through open market purchases of stock equaling approximately 4.95% of MoneyGram’s outstanding shares. The cash management needs of MoneyGram’s agent network, which spans more than 200 countries, align closely with the company’s next-generation retail solutions.


About The Brink’s Company

The Brink’s Company (NYSE:BCO) is the global leader in total cash management, route-based secure logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our global network of operations in 41 countries serves customers in more than 1


Global Sponsor - DPL
Global Sponsor - Cardtronics
Global Sponsor - PAI
Global Sponsor - Auriga
Global Sponsor - KAL
Global Sponsor - Euronet Worldwide
Global Sponsor - NCR
Global Sponsor - Diebold Nixdorf
Global Sponsor - FIS
Global Sponsor - Prosegur
Become a Global Sponsor
Join the Campaign
Global Sponsors