Loomis AB has, through a wholly owned subsidiary, entered into an agreement to acquire 100 percent of Prosegur Cash Holding France (PCF). PCF conducts primarily domestic cash handling services in France and has its head office in Lyon.
The final purchase price will be determined on closing of the transaction. The closing date is expected to be in the third quarter, 2019, pending local works council procedures and approval by the French foreign investment regulator. The purchase price is payable on closing.