Brink's Sells Minority Interest in CIT Business in Peru
September 29 2014 - 4:11PM
PR Newswire (US)
RICHMOND, Va., Sept. 29, 2014 /PRNewswire/ -- The Brink's
Company (NYSE: BCO) today announced the sale of its 36% minority
interest in Hermes Transporte Blindados S.A., a cash-in-transit
(CIT) business based in Lima,
Peru, for approximately $60
million. The company expects to report a third-quarter
pretax gain of approximately $45
million related to the sale. Brink's plans to use
proceeds from the sale to pay down debt. The company will
continue to provide import and export secure logistics
services for the mining and banking industries in Peru through its Brink's Global Services
business.
About The Brink's Company
The Brink's Company
(NYSE:BCO) is the world's premier provider of secure transportation
and cash management services. For more information, please
visit The Brink's Company website at www.Brinks.com or call
804-289-9709.
Contact:
Investor Relations and Corporate Communications
804.289.9709
SOURCE The Brink's Company
Copyright 2014 PR Newswire
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