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Experian buys 40% stake in DP Information
Date: Wednesday 01 Oct 2008
LONDON (ShareCast) - Credit checking firm Experian has bought a 40% stake in DP Information Group, a consumer and business credit bureau in Singapore.
The group did not comment on the financial details of the agreement but said the deal represents a further step in its strategy to extend its credit risk management activities in new geographies.
The stake in DP Information Group was acquired from its founders and will form part of Experian's Credit Services activities.
DP Information, which provides credit information on companies and consumers, corporate credit ratings, consumer scoring activities, portfolio management and collections services, reported revenue of $11.4m in the year to 31 December 2007.
Date: Wednesday 01 Oct 2008
LONDON (ShareCast) - Credit checking firm Experian has bought a 40% stake in DP Information Group, a consumer and business credit bureau in Singapore.
The group did not comment on the financial details of the agreement but said the deal represents a further step in its strategy to extend its credit risk management activities in new geographies.
The stake in DP Information Group was acquired from its founders and will form part of Experian's Credit Services activities.
DP Information, which provides credit information on companies and consumers, corporate credit ratings, consumer scoring activities, portfolio management and collections services, reported revenue of $11.4m in the year to 31 December 2007.
