Experian, the global information services company, announces that the Savings Bank of the Russian Federation (Sberbank), has acquired a 50% stake in the Experian-Interfax bureau in Russia. Under the new terms agreed,Experian and Interfax will each hold 25% of the venture and Sberbank will hold 50%.
The joint venture will combine the capabilities of Sberbank, Russia’s biggest bank, Experian, the world’s leading credit bureau operator and Interfax, the leading information agency in Russia. With the addition of data from Sberbank, the number of credit agreements in the bureau will nearly double to 23m.
This new combination represents a further step in Experian’s strategy to develop its credit bureaux footprint in high growth emerging markets globally. The joint venture will benefit from enhanced data coverage, market-leading technology and a leading position in the Russian market. In addition, the joint venture will provide a platform for the further deployment of value-added products in Russia, to provide clients with enhanced credit risk and fraud management.
Experian is the leading global information services company, providing data and analytical tools to clients in more than 65 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2009, was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil.
|Nadia Ridout-Jamieson||Director of Investor Relations||+44 (0)20 3042 4215|
|Rollo Head||+44 (0)20 7251 3801|
Experian announcements are available on www.experianplc.com.