Western Union Purchases Equity Interest in Greek Money Transfer Agent

Tuesday 15 January 2002 21:52 CET | News

Western Union Financial Services, Inc., announced that it has completed the purchase of a 25 percent equity interest in Christopher C. Varvias & Associates S.A., its money transfer agent in Greece. Terms of the transaction were not disclosed.

Based in Athens, Christopher C. Varvias & Associates has been Western Unions agent in Greece since 1992. The company manages a network of more than 540 locations in 80 cities throughout the country. The network includes several significant banks in Greece: EFG Eurobank Ergasias, Bank of Cyprus, and Aspis Bank.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce