Cash Converters International to acquire 13 franchised stores in Australia
Cash Converters International Limited, an Australia-based retailer of second hand goods, has contracted to acquire 13 franchised stores in Australia, comprising eight in Queensland, two in New South Wales, two in South Australia and one in Victoria for a total consideration of AUD21.9 million, which includes tangible assets of AUD6.3 million.
Borders is selling thirty book stores in Australia, New Zealand and Singapore to Book and stationery firm A and R Whitcoulls.