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(RTTNews) - Retail financial services provider Dollar Financial Corp. (DLLR: News ), Thursday announced that its wholly owned U.K. subsidiary, Dollar Financial U.K. Ltd., has entered into an agreement to acquire Sefina Finance AB, a Scandinavian pawn lending business with headquarters in Stockholm, Sweden.

The cash consideration for the acquisition would be approximately $73.0 million, of which approximately $58.0 million would be cash paid at closing, with the remaining $15.0 million of additional cash to be paid in installments during calendar year 2011.

Dollar Financial is also required to make additional cash payments to the sellers over the next two years based on the financial performance of the acquired business. The trailing twelve months EBITDA for the acquired stores is expected to be approximately $14.0 million at closing.

Dollar Financial anticipates the acquisition to be immediately accretive to earnings, and expects to update its earnings outlook for fiscal 2011 to include the Sefina business, net of acquisition and transition costs, after the transaction is finalized.

The completion of the acquisition is contingent upon customary closing conditions, including local regulatory approval, which is expected to take 30 to 60 days to obtain.

Sefina provides pawn loans primarily secured by gold jewelry, diamonds and watches, through its 16 store locations in Sweden and 12 stores in Finland.

Regards,

Don