Experian Agrees to Buy Compuscan for $263 Million
December 10 2018 - 9:13AM
Dow Jones News
By Oliver Griffin
Experian PLC (EXPN.LN) said Monday it has agreed to buy
Compuscan, a South African credit bureau and information-services
company, for around $263 million.
The U.K. consumer credit reporting agency said that by combining
forces with Compuscan it will be better positioned to serve people
and businesses in Africa.
Compuscan holds credit information on 26 million people and
200,000 businesses in South Africa, representing approximately 56%
of the population, Experian said.
Experian said the transaction is subject to approval by the
Competition Commission in South Africa.
The deal is expected to complete during the first quarter of
Experian's financial year ending March 31, 2020, the company
said.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
December 10, 2018 08:58 ET (13:58 GMT)
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