Experian sets up JV with Italian credit info provider
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.
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
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published