Mexican payday loans TN billionaire Ricardo Salinas Pliego is starting for company when you look at the U.S.: their Grupo Elektra announced Monday morning its effective purchase of Advance America–the biggest payday lender in the U.S.
Stockholders authorized the $780 million price Grupo Elektra available in February, a figure which includes all outstanding stocks associated with firm that is american payment regarding the organization’s financial obligation. You will have no instant modifications to your US company’s operations, and CEO Patrick O’Shaugnessey has consented to remain on board, states Elektra spokesman Daniel McCosh.
Grupo Elektra ranks 802 on our range of the planet’s Biggest Public Companies, and its particular latest purchase appears a normal fit for Salinas’ profile of profitable companies. (more…)