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Published 1 month ago

Armaguard rejects $26 million lifeline to avoid insolvency as Coles ends pause on cash deliveries

Summary by Ground News
Armaguard has rejected a $26 million lifeline offered by some of Australia's biggest companies to keep the cash transport company afloat. The company, which is controlled by trucking magnate Lindsay Fox, had been given until the end of the day to either accept or reject a financial lifeline. Coles confirmed it had "paused" Armaguard services for the pick-up and delivery of banknotes and coins until April 5.

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ABC AustraliaABC Australia

Armaguard rejects $26 million lifeline to avoid insolvency as Coles ends pause on cash deliveries

Cash transport company Armaguard has rejected a multi-million-dollar funding deal to help it avert insolvency, as supermarket giant Coles confirms its cash collection and processing services with the company have resumed.

1 month ago·Australia
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PerthNowPerthNow

Coles stops cash deliveries over Armaguard money woes

Concerns about the future of money handling company Armaguard have prompted Coles to stop cash deliveries to its stores and introduce withdrawal limits.

1 month ago·Perth, Australia
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SBS NewsSBS News

Armaguard woes: Coles limits cash withdrawals, halts deliveries from currency firm

Cash handling company Armaguard faces an uncertain future as Australians reduce their use of cash.

1 month ago·Sydney, Australia
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7NEWS Australia7NEWS Australia

Coles reduces cash withdrawal limit amid Armaguard money woes

It follows a brief pause in Armaguard cash deliveries this week.

1 month ago·Australia
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The New DailyThe New Daily

Coles stops cash deliveries over Armaguard money woes

1 month ago·Australia
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