Finint has been handling money transfers for Western Union for 16 years and manages a network of over 10,000 agents in Italy, Spain and the UK.
Western Union president and CEO Hikmet Ersek said that the acquisition of Finint is another step in advancing its European strategies to grow the money transfer business and introduce new products and services.
The transaction is subject to regulatory approvals and satisfaction of closing conditions, and is expected to close in the second half of 2011.
