Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada (BMV:CREAL *) acquired an additional 26% stake in CReal Arrendamiento, S.A. de C.V for MXN 30 million.
July 21, 2020
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Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada (BMV:CREAL *) acquired an additional 26% stake in CReal Arrendamiento, S.A. de C.V for MXN 30 million during the quarter ending June 30, 2020. After the transaction, Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada acquired control of CReal Arrendamiento, S.A. de C.V and CReal Arrendamiento, S.A. de C.V became a subsidiary of Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada.
Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada (BMV:CREAL *) completed the acquisition of an additional 26% stake in CReal Arrendamiento, S.A. de C.V during the quarter ending June 30, 2020.
Credito Real SAB de CV SOFOM ENR, formerly known as Credito Real SAB de CV Sofom ER, is a Mexico-based company that provides consumer financing. The Company provides loans, either by providing direct financing to consumers or by establishing financing programs with consumer financing dealers that sell to Credito Real the collection rights from consumer financing products. Additionally, It provides financing directly to individuals that are employed by corporations with payroll deduction agreements with consumer financing dealers authorized by Credito Real. It operates through a number of subsidiaries, including AFS Acceptance LLC.
Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada (BMV: CREAL *) acquired an additional 26% stake in CReal Arrendamiento, S.A. de C.V for MXN 30 million.