After several months of intense speculation the news broke finally beginning of April that Carnegie Wylie & Company had acquired a 90% ownership in D&B Australia and New Zealand (DBA). Industry insiders had wondered for some time whether the D&B Corporation would reacquire the company to protect its brand. It appears D&B did not and competing information companies did not succeed either. Instead D&B Australia and New Zealand remains in the hands of local investors who are expected to invest in the future growth of the company.
The change in ownership did not result in the break-up of sell-off any of the business units and there is no reduction in staff numbers. Macquarie Bank has retained its 49% shareholding in the D&B Consumer Credit Bureau which was established in 2004 as a joint venture between DBA and Macquarie Bank. Further growth may be in store with a desirable change on the regulatory front as the Australian Law Reform Commission has released an issues paper seeking public comment on the future of consumer credit reporting. The paper deals with the benefits of positive data sharing / comprehensive credit reporting that would open more opportunity for credit bureaus. This may further positively influence the value of credit information and credit information businesses. Source: Company Press Release – to read the full story visit: https://2018.biia.com/industry_news.php