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Slide #31. DFC Global Corp. — 27 Pawn Lending and Gold Buying Stores in Spain
DFC Global Corp. (DLLR)
27 Pawn Lending and Gold Buying Stores in Spain
DFC Global Corp. (NASDAQ:DLLR), a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, today announced the acquisition of Monte Caja Oro, a chain of 27 stores primarily located in the Andalusian and Catalonian regions of Spain, which brings the Company's total store count in the country to 58 locations. The acquired stores primarily offer pawn lending on gold jewelry, as well as gold buying services. The total purchase price of the transaction at closing was approximately $6.0 million in addition to payment for the value of the pawn pledge inventory. The acquisition is expected to be immediately accretive to earnings.
DFC Global is a non-bank provider of alternative financial services, mainly unsecured short term consumer loans, secured pawn loans, check cashing, gold buying, money transfers and reloadable prepaid debit cards, serving primarily unbanked and under-banked consumers. Co. has four segments: its retail store financial services offerings in Europe, Canada and the U.S., and its Internet lending business globally. At June 30 2013, Co.'s retail operations consisted of 1,507 retail storefront locations, of which 1,474 were Co.-owned. In addition to its retail stores, Co. provides Internet-based, unsecured short-term consumer loans in the U.K., Canada, Sweden, the Czech Republic, Spain and Poland.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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