Brussels, 20/06/2005 (Agence Europe) - The Commission has authorised plans by equity fund Apax, a subsidiary of the Global Refound group, to buy Travelex Holding Ltd, a specialist in the provision of international settlement services, retail and wholesale exchange services and externalisation services to banks and financial institutions. Although Global Refounded uses Travelex for some of its activities, such as VAT reimbursement services, the Commission concluded that the operation would...