By Connor Hart
Ezcorp called off its deal to acquire more than 50 pawn shops in Mexico from Presta Dinero.
"While the termination of the present transaction is unfortunate, we remain excited about our expansion opportunities in Mexico," Chief Executive Lachie Given said Wednesday.
No reason for the termination was given.
The Austin, Texas, pawn loan provider entered its deal with Presta, which does business as Auto Dinero, in September. The agreement called for Ezcorp to buy 53 pawn stores in Mexico at an undisclosed price.
Ezcorp's Given said the company, which operates more than 560 stores across Mexico, will continue to grow by opening new stores and pursuing other acquisitions.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 19, 2025 16:50 ET (20:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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