Experian announced it has completed the acquisition of a further 5% stake in Serasa, the market leading credit bureau in Brazil. In accordance with the original announcement, this takes Experian’s total holding in Serasa to 70%. The consideration for the additional stake was R$138m ($72m), inclusive of transaction costs, and will be funded from existing facilities. The majority of the additional stake has been acquired from small shareholders not involved in the original transaction. Experian announced the acquisition of an initial 65% stake in Serasa on 26 June 2007.
The company stated that the integration of Serasa is progressing well. Experian has put key management into the business, consisting of a CFO, a Head of Strategic Sales and a full-time integration director. Experian continues to see good opportunities for revenue synergies and value added products.