TRM Sells Promising UK Business.

Financially troubled ATM deployer TRM Corp. last week completed the third sale of a business asset in a month, moves it says will help pay down debt.

Portland, Ore.-based TRM sold TRM Ltd., its promising European business, for $92.6 million to NoteMachine Ltd., a firm based in the United Kingdom.

"The sale of our European ATM business is a component of our ongoing efforts to simplify our business operations," says Jeffrey Brotman, TRM president and CEO. "This sale, together with the sale of our Canadian ATM business, which closed earlier this month, and our United States photocopy business, which is scheduled to close this week, will allow us to focus our …