Dollar Financial Corp (NASDAQ
LLR - News), a leading international diversified financial services company primarily serving unbanked and under-banked consumers for over 30 years, announced that it has entered into an agreement to acquire Folkia Group AS, a leading Scandinavian internet lending business with headquarters in Stockholm, Sweden. Folkia, which was founded in 2006, currently originates loans through both internet and SMS text cell phone technology in four countries. Sweden; Finland; Denmark; and Estonia. The completion of the acquisition is contingent upon customary closing conditions, including local regulatory approval, which is expected to take 45 to 90 days to obtain. Commenting
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LLR - News), a leading international diversified financial services company primarily serving unbanked and under-banked consumers for over 30 years, announced that it has entered into an agreement to acquire Folkia Group AS, a leading Scandinavian internet lending business with headquarters in Stockholm, Sweden. Folkia, which was founded in 2006, currently originates loans through both internet and SMS text cell phone technology in four countries. Sweden; Finland; Denmark; and Estonia. The completion of the acquisition is contingent upon customary closing conditions, including local regulatory approval, which is expected to take 45 to 90 days to obtain. CommentingMore...