One of Britain's biggest currency exchange firms could be about to change hands for about £150million after its secretive Chinese owner put it up for sale.
City sources said advisers from Houlihan Lokey had been appointed to sell International Currency Exchange (ICE) on behalf of HNA, the controversial Chinese conglomerate that recently declared itself bankrupt. ICE was set up 48 years ago with one outlet in London's Victoria Station.
It now has more than 350 outlets, many in airports across the world. Reports suggest the firm has a turnover of £1.3billion a year.
International Currency Exchange has more than 350 outlets, many in airports across the world