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

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

Mexican billionaire Ricardo Salinas Pliego is opening for company within the U.S. his 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 firm that is american repayment associated with organization’s financial obligation. You will see no instant changes to your US company’s operations, and CEO Patrick O’Shaugnessey has decided to stick to board, states Elektra spokesman Daniel McCosh. Continue reading “Mexican Billionaire Buys Advance America, Premier Payday Lender In U.S.”