UK cashpoints sold to US firm

Michael Bow
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THOUSANDS of cashpoint machines located in pubs and shops were sold to a listed US company yesterday.

The deal, worth £107.5m, sees 7,100 Cashzone ATM machines – which are owned by ultimate parent Payzone – taken on by Nasdaq-listed Cardtronics.

Private equity outfit Duke Street is the main backer of Payzone, owning an 80 per cent stake in the business. Cardtronics, which was advised by DC Advisory, rose in trading yesterday.