Announced

International Money Express to acquire La Nacional.

Synopsis

International Money Express, a money remittance services company, agreed to acquire La Nacional, a money remittance company. Financial terms were not disclosed. "La Nacional’s strong market position in remittances to the Dominican Republic and other Latin American countries is a perfect complement to Intermex’s existing business in those markets. With the addition of this market share to the Dominican Republic, Intermex will now be one of the leading US-based remittance companies serving Mexico, Guatemala, Honduras, El Salvador, and the Dominican Republic, which are the top five Latin American markets, accounting for 83% of all the money sent to Latin America from the United States," Bob Lisy, La Nacional Chairman, CEO and President.

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