Fexco acquisition further strengthens UK presence

Fexco, the Kerry-headquartered international financial services group, has strengthened its presence in the British market by acquiring retail foreign exchange business InterCash for an undisclosed fee.

It marks the second big UK expansion announcement for the Killorglin company in as many weeks.

Earlier this month, Fexco said it was creating 80 jobs by opening 20 outlets of its ‘No.1 Currency’ high-street foreign exchange business.