National Bank of Denmark sells stake in cash-handler BKS

Nkr50 notes
Printing Danish krone notes. Photo: NBD
NBD

The National Bank of Denmark has sold its stake in Bankernes Kontantservice (BKS), a cash handler formed in 2010 after a series of high-profile robberies.

Cash-handling company Loomis revealed today (August 19) that it has agreed to acquire a 100% stake in the Copenhagen-based firm, valuing the enterprise at approximately Dkr250 million ($38 million). Loomis already has operations in Denmark and, in a statement, it said the move would allow it to expand its "customer portfolio".

"We believe

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