International Currency Exchange ICE bought by HNA Group

Ice - International Currency Exchange

ICE International Currency Exchange has been bought by Chinese conglomerate HNA Group for an undisclosed sum.

London based ICE was founded in 1973 and is one of the worlds largest travel money and overseas money transfer providers with a network of over 350 branches and bureaux in 70 airports and multiple other locations in 19 countries.

The owners of ICE, Lenlyn Holdings Limited , has a turnover  in excess of 1 billion pounds in currency annually.
HNA Tourism will take over the running of the business and it will be interesting to see how they intend to shake up the retail and online sales side of their business.
 
In a statement HNA Tourism said "this purchase adds wings to our global coverage of financial services for overseas tourism, and will provide important support to the acceleration of the pace of our internationalisation",
 
Ice are ranking number 5 from top in our Euro comparison table so they may need to become much more competitive if they wish to grow their online sales under their own brand name.  However they currently white label their travel money service to many big name UK brands so maybe growing sales under their own brand won't be that important to them, we will see. 
 
Keep up to date with how ICE are performing (with regards to their Euro rate offering) using our Compare Travel Money rates table. Here you can view the most competitive holiday money brokers in the UK and how each of their rates compare .