Aug. 6 (Bloomberg) -- Ezcorp Inc., a U.S. operator of pawn shops, is buying a 53 percent interest in Australia’s Cash Converters, the Times of London reported without saying where it got the information.
Cash Converters, which has 200 mostly franchised stores in London and 160 stores in Australia, is expected to list on the London Stock Exchange Aug. 8, the Times said. Ezcorp’s purchase comes after regulators banned payday loans in at least 13 U.S. states and the number of pawn shops in Britain rises, according to the paper.
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