The founder of the Travelex chain of foreign exchange shops is reportedly ready to pocket £550 million from selling the business.
The Times has reportedly short-listed two firms to buy the business. The newspaper reports that Lloyd Dorfman, a former investment banker who set up the company with a £25,000 loan, hopes to get a deal by the end of February.
The Times reports that Travelex has 700 outlets, including some 300 in airports around the world. It employs 5,000 staff and turned over more than £480 million in the year to September 2004.
