CRIF, S.p.A., acquired D&B’s Italian business for $11 million in cash, net of certain liabilities at closing.  D&B’s domestic Italian operations generated approximately $48 million in revenue and approximately $1 million in operating income in 2008.  Simultaneous with closing this transaction, D&B entered into a ten year commercial arrangement to provide CRIF with global data for its Italian customers.  This transaction has no impact on D&B’s previously issued 2009 financial guidance.

CRIF is the largest provider of business credit information having started in 1988 to provide consumer credit information.  It exemplifies the ongoing conversion of consumer and business credit information particularly in the professional, small and medium size business segments.

CRIF will manage D&B’s franchise in Italy and becomes part of the global D&B information network.  It will be able to provide its Italian clients with access to a global database of over 140 million companies.  The deal confirms D&B’s strategy to work, in mature markets with little growth potential, with partners and to focus on key global markets which offer significant growth potential.  Source: http://investor.dnb.com/sec.cfm

BIIA Newsletter June 2009 Issue