EZCORP announced the termination of its definitive agreement with Presta Dinero, S.A. de C.V., for the purchase of 53 pawn stores in Mexico. The agreement was originally entered into on September 10, 2024. This decision impacts the company's previously planned expansion in the region.
Despite the termination, EZCORP stated its continued excitement about expansion opportunities in Mexico. The company currently operates over 560 stores across Mexico. It plans to continue growing its footprint through opening de novo stores and maintaining a disciplined pursuit of opportunistic acquisitions.
The termination of this specific acquisition highlights the company's selective approach to growth, prioritizing strategic fit and financial discipline. EZCORP remains committed to its presence and growth strategy in the Latin American market.
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