EZCORP (EZPW) Announces Completion of Grupo Finmart Sale
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EZCORP Completes Sale of Grupo Finmart
September 28, 2016 9:24 AM EDTAUSTIN, Texas, Sept. 28, 2016 (GLOBE NEWSWIRE) -- EZCORP, Inc. (NASDAQ: EZPW) today announced that it has completed the sale of Prestaciones Finmart, S.A.P.I. de C.V., SOFOM, E.N.R. (Grupo Finmart) to Alpha Holding, S.A. de C.V. (AlphaCredit), a leader in consumer lending in Mexico and Colombia. EZCORP owned 94% of Grupo Finmart, a provider of consumer loans to government agency employees in Mexico.
EZCORP Chief Executive Officer Stuart Grimshaw said: The divestiture of Grupo Finmart frees up capital and other resources that we can deploy to... More
