Talks may prompt Travelex sale

Foreign exchange giant Travelex could be put up for sale after talks over a potential £1 billion takeover of the business, according to a report.

An unnamed Asian buyer is understood to have approached Travelex's private equity parent Apax in what is set to kick off an auction of the world's largest non-bank foreign exchange business, according to The Sunday Telegraph.%VIRTUAL-SkimlinksPromo%