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Elektra Agrees to Buy Advance America to Provide U.S. Loans

February 21, 2012, 9:55 PM EST

By Crayton Harrison

Feb. 15 (Bloomberg) -- Grupo Elektra SAB said it agreed to buy Advance America for $780 million, including debt, to gain access to the market for U.S. short-term loans.

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To contact the editor responsible for this story: Crayton Harrison at tharrison5@bloomberg.net

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