Mexican Billionaire Buys Advance America, Greatest Payday Lender In U.S.

Mexican billionaire Ricardo Salinas Pliego is starting for company within the U.S.: their Grupo Elektra announced Monday morning its effective purchase of Advance America–the biggest lender that is payday the U.S.

Stockholders authorized the $780 million cost Grupo Elektra available in February, a figure which includes all outstanding stocks associated with the US company and payment associated with the organization’s financial obligation. You will see no immediate modifications to your US company’s operations, and CEO Patrick O’Shaugnessey has decided to stick to board, claims Elektra spokesman Daniel McCosh. Weiterlesen