Experian Clinches Remainder of Brazilian Credit Bureau

Experian Clinches Remainder of Brazilian Credit Bureau

Brazil Europe M&A

Irish credit information provider Experian has agreed to spend BRL3.1bn ($1.5bn) to buy the remaining piece of Brazilian credit bureau Serasa from a group of banks, it says. The deal for the 29.6% stake had been expected since Experian originally bought control in 2007, though the transaction comes at a higher price given the growth in the industry since then. Experian will initially pay cash for the stake, and may also use existing credit facilities. The price may be subject to a cash adjustmen

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