Acquires Balance of Green Light Auto Group Pty Ltd
Sydney, Nov 6, 2014 AEST (ABN Newswire) - Cash Converters International Ltd (
ASX:CCV) has recently completed the acquisition of the remaining 20% of the shares that it does not already own in the Green Light Auto Group Pty Ltd (GLA), trading as Carboodle, for cash consideration of $450,000.
The Carboodle brand was established by GLA in 2010. GLA is a licenced motor vehicle dealer providing customers who don't have access to mainstream credit with a reliable and well maintained car (retail and commercial) via a lease structure which incorporates most of the vehicle's running costs.
About Cash Converters International Ltd
Cash Converters International (ASX:CCV) is a franchised retail network listed on the ASX. It specialises in the sale of second-hand goods. The Cash Converters group employs modern retailing practices, professional management techniques and high ethical standards to the management of its stores throughout the chain which appeal to a wide cross section of the community. As a result, Cash Converters has been able to position its outlets as credible retail merchandise stores, resulting in a profitable market for the group.
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