Experian shareholders give thumbs up to Serasa purchase
Experian, the FTSE 100 global information services company, has said that at an emergency general meeting held on Tuesday, its shareholders approved the acquisition of an additional 29.6 per cent interest in Serasa, the Brazilian credit data provider.
Experian, the FTSE 100 global information services company, has said that at an emergency general meeting held on Tuesday, its shareholders approved the acquisition of an additional 29.6 per cent interest in Serasa, the Brazilian credit data provider.
The move will take the company's stake in the business to nearly 100%.
99.99% of shareholders voted in favour of the decision.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Experian now needs the approval of the Brazilian authorities, but said it expects the purchase to be completed shortly.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Will bond vigilantes come for Donald Trump?
Bond vigilantes could make a comeback if Donald Trump follows through on some of his promised policies
By Simon Wilson Published
-
Is Donald Trump's re-election a wake-up call for Europe?
Donald Trump will turbocharge the US economy – and expose Europe's weakness
By Matthew Lynn Published