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Sainsbury's Bank, the financial services arm of the UK supermarket giant, has sold its travel money business to the Fexco Group.
This move is part of Sainsbury's Bank's broader strategic review, focusing its operations on core banking services.
The divestment reflects a trend among some UK retailers to streamline their financial offerings and concentrate on areas of competitive advantage, while Fexco strengthens its position in the travel money market.




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