Cash Converters News

Two acquisitions for Cash Converters
< International >

July 22nd, 2006
Cash Converters International (CCV), the Australian franchiser of the Cash Converters second hand goods stores, has agreed in principle to enter into a share purchase agreement to acquire all the issued capital of Mon-e Pty Limited. Mon-e is the provider of the software program and back office support for the Cash Converters chain of franchisees used to make cash advances to their customers. CCV said it has also agreed in principle to enter into a share purchase agreement to acquire the whole of the issued capital of the Safrock group of companies comprising Safrock Finance Corporation (Qld) Pty Limited, Safrock Finance Corporation (WA) Pty Limited, Safrock Finance Group Pty Limited and Finance Administrators of Australia Pty Limited.

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