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  • cash_tsunami_2009 cash_tsunami_2009 Sep 4, 2009 12:00 PM Flag

    Brink's buys 38 pct stake in Brink's Arya

    Brink's buys additional 38 pct stake in Brink's Arya, holds majority interest
    On Friday September 4, 2009, 10:17 am EDT
    RICHMOND, Va. (AP) -- Home security company Brink's Co. said Friday it purchased an additional 38 percent stake in India's Brink's Arya, a cash handling and logistics company.

    Brink's now holds a 78 percent majority interest in the Mumbai-based company. Brink's has owned a 40 percent stake of Brink's Arya since 1981.

    Terms of the deal were not disclosed.

    Brink's Arya was founded in 1981 as a joint venture between Brink's and private partners. In 2008, the company had a total revenue of $25 million and employs about 2,300 people.

    Shares of Brink's added 11 cents to $26.03 in morning trading.

 
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