Experian, a UK credit checking agency, has confirmed that it is in discussions regarding the potential sale of its transaction processing activities in France.
In a regulatory announcement, the group said: “Experian confirms that it is in exclusive advanced discussions with Doc@Post, a subsidiary of La Poste, and Advent International, the global private equity firm, which may lead to the divestment of these activities There can be no certainty that the talks will lead to a transaction. A further announcement will be made when appropriate.”
Experian announced in May that its French transaction processing business and its shopping comparison website PriceGrabber.com were “under strategic review”. The book value of both businesses was expected to be in the range of US$600m to US$700m.
At the same time, the group announced that it would be looking to the emerging markets for acquisition opportunities, such as its US$1.2bn purchase of Brazil’s Serasa last year.
Source: Thomson Merger News