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10 Dec 2018 | 14:40

Experian agrees to acquire South Africa's Compuscan for $263m

Information services company Experian said it had agreed to acquire South African credit bureau Compuscan for R3.72bn ($263m).

Experian said the deal would expand its presence in South Africa and provide opportunities more broadly across the African continent.

'By combining forces with Compuscan, we will be better positioned to serve the people and businesses of this region and be an enabler of growth in consumer and business credit, identity management and financial inclusion,' chief executive Brian Cassin said.

Experian said it would fund the deal from its existing cash resources.

It was subject to the approval of local anti-trust regulators and was expected to be completed by the end of June, the company added.

At 2:40pm: (LON:EXPN) Experian PLC share price was -2.25p at 1860.25p

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