Experian, the credit checking firm, has signed an agreement to form a joint venture (JV) with Cerved Group to provide enhanced consumer credit information services to the Italian market.
Cerved Group is a major provider of credit information in Italy and will hold a minority stake in the JV.
The JV, known as Experian Cerved Information Services, will be established with initial gross assets of around $14m.
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
The joint venture was set up to create a comprehensive consumer information bureau by combining Experian's existing consumer credit information business in Italy with Cerved group's consumer credit data.
The joint venture will use Experian's bureau technology and value-added products to provide innovative new services to the Italian consumer credit market, the firm said.
The share price fell 0.2% to 976p by 13:39.
NR
-
Ofgem proposes new energy tariffs with low or no standing changesStanding charges have invited public backlash as households battle high energy bills
-
Google shares bounce on Gemini 2.0 launchGoogle has launched the latest version of its Gemini AI platform, and markets have responded positively. Is it time to buy Google shares?
