Dollar Financial (DLLR) Announces $73M Acquisition of Sefina Finance AB
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Dollar Financial Corp (Nasdaq: DLLR) announced that their wholly owned U.K. subsidiary, Dollar Financial U.K. Ltd., has completed the acquisition of Sefina Finance AB.
The total cash consideration for the acquisition is approximately $73 million, of which $58 million was cash paid at closing with the remaining approximately $15 million of additional cash to be paid in installments during calendar year 2011.
Dollar Financial also assumed Sefina’s existing working capital lines of credit associated with a number of Scandinavian banks, which aggregated to approximately $60 million upon closing.
The total cash consideration for the acquisition is approximately $73 million, of which $58 million was cash paid at closing with the remaining approximately $15 million of additional cash to be paid in installments during calendar year 2011.
Dollar Financial also assumed Sefina’s existing working capital lines of credit associated with a number of Scandinavian banks, which aggregated to approximately $60 million upon closing.
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