Creation of Joint Venture in

RNS Number : 2820U

Experian Group Limited

13 May 2008

 

                                                                              Experian Group Limited

                                                                   Creation of joint venture in Japan

Experian, the global information services company, announces that it has created a joint venture with Central Communication Bureau (CCB), a leading consumer credit bureau in Japan. Experian will own 50% of the joint venture.

Based in Tokyo, CCB provides credit reporting services to the banking, credit card and consumer financing industries in Japan. Experian has a long association with CCB, having owned a 3.6% stake in the company for many years.

The joint venture, CBEX Solutions, will develop and operate a credit bureau platform to meet the new regulatory requirements in Japan.

As at May 2008, gross assets for CBEX Solutions are approximately $14m.

Enquiries

Experian

Nadia Ridout-Jamieson   Director of Investor Relations [phone]

Finsbury

Rollo Head                                                           [phone]

Don Hunter

Experian announcements are available on www.experiangroup.com

 

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