Brink’s Takes Hit on VEB Exchange

Brink’s Takes Hit on VEB Exchange

The Brink's Company, which provides secure transportation and cash management services, says it will repatriate VEB75m held in Venezuela at the parallel exchange rate, taking a loss versus the official level. "We have experienced delays in receiving government approval for repatriating dividends at the official rate, and the prospects for approval in the future are unclear,” says Brink’s CEO Michael T. Dan. “Given these and other uncertainties associated with operating in Venezuela, we decided t

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