Credito Real have made the following acquisitions since 2014 of their distributors:
- 70% of Instacredit for US$70m http://www.creal.mx/images/documents/comunicados/2015/160222_eng.pdf
- 65% of AFS LLC to build its used car business in USA for US$18m http://www.creal.mx/images/documents/comunicados/2015/151021_eng.pdf
- 55.2% of Resuelve for MXN266m (US$16m) http://www.creal.mx/images/documents/comunicados/2015/151214_eng.pdf
- 51% of Kondineiro for USD$51 implied vaue http://www.creal.mx/images/documents/comunicados/2014/141015_ing.pdf
If the financing distribution takes off, it would make sense for Credito Real to also look at a strategic stake in Latam Autos..
At this price, why not just take them out!?!?!
