EZCORP Inc. bought an additional 23 pawn stores in Mexico operating under the name Presta Dinero.
The purchase price was paid in cash.
The purchases expand EZCORP's presence in a number of cities within seven states in central Mexico, where the company already has stores operating under the name Empeño Fácil.
CEO Stuart Grimshaw said the company has increased its store count by 67% for fiscal 2018 in Latin America through acquisitions and store openings. The latest acquisition brings the total number of pawn stores owned and operated by the EZCORP to 921, 45% of which are in the Latin America region.
