On November 26, 2008, D&B increased its indirect minority ownership stake in Dun & Bradstreet Information Services India Private Limited (“D&B India”) to a 53% direct majority ownership stake for cash consideration of $46.6 million. D&B India was a wholly-owned subsidiary of Dun & Bradstreet South Asia Middle East Limited (“D&B SAME”), its existing Indian and Middle Eastern joint venture partner. D&B SAME remains a minority owner of D&B India. The transaction will not have any significant impact on D&B’s expected full year 2008 financial results.
D&B India is the premier provider of credit information and sales and marketing solutions in India. “Our majority stake in D&B India will allow us to provide global customers with even higher levels of information and insight on Indian businesses and it is expected to be a key driver of profitable revenue growth from our International business in 2009 and beyond,” stated D&B in its SEC filing. Specifically, the D&B India business is expected to generate approximately $20 million in incremental revenue for D&B in 2009. The transaction is not expected to have any significant impact on D&B’s 2009 earnings and is expected to be accretive to EPS growth beginning in 2010. Source: D&B SEC Filing
BIIA Newsletters November 2008 Issue