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You are here: Home / news_business / Ant Financial says agrees to buy UK-based currency exchange WorldFirst

Ant Financial says agrees to buy UK-based currency exchange WorldFirst

February 14, 2019 euronews Leave a Comment

SHANGHAI (Reuters) – Chinese consumer finance giant Ant Financial has agreed to acquire UK-based currency exchange WorldFirst, an Ant Financial spokeswoman said on Thursday. WorldFirst CEO Jonathan Quin said in a letter sent out to clients that was seen by Reuters that the company “will continue to operate as a UK-headquartered and regulated business with global operations” while becoming a wholly-owned division of Ant Financial. Ant Financial declined to disclose the terms of the purchase. Ant Financial is an affiliate of Alibaba, China’s largest e-commerce company. (Reporting by Josh Horwitz and Brenda Goh; Editing by Muralikumar Anantharaman)




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