By Dominic Chopping
STOCKHOLM--Swedish cash handling company Loomis AB (LOOM-B.SK)
said Wednesday it has entered into a frame agreement with Swedbank
AB (SWED-A.SK).
MAIN FACTS:
-The agreement covers both Cash Management Services and Cash In
Transit for the bank and the bank's customers.
-The agreement is effective immediately.
-Loomis will now provide Swedbank's customers with access to
cash management services, transport logistics for cash and a
country-wide network of service boxes.
-Under the terms of the agreement, Swedbank' customers will be
entitled to discounted offers for services such as supplies of desk
change and collections of daily checkouts, among other things.
-The agreement also provides Swedbank's private customers with
the opportunity to pay in deposits of notes and coins via Loomis'
service boxes.
-Shares closed Tuesday at SEK86.25, valuing the company at
SEK6.3 billion.
-Write to Dominic Chopping at dominic.chopping@dowjones.com
