Update on proposed ClearScore acquisition

RNS Number : 2469R

Experian plc

27 February 2019

 

news release

 

 

Update on proposed ClearScore acquisition

27 January 2019 - Further to the Provisional Findings published by the UK Competition and Markets Authority ("CMA") on 28 November 2018 and taking into account subsequent interaction with the CMA, Experian does not believe that the CMA will approve the proposed acquisition of ClearScore on satisfactory terms, despite the dynamism and competitive nature of the market, and the customer benefits arising from the proposed transaction. Experian and ClearScore's shareholders have therefore taken the decision to abandon the proposed transaction.

Our goal is to help more consumers with their finances by providing greater choice and convenience to them to access personal finance products at the best prices. Over the next year we plan to bring exciting new innovations to market which will help consumers address their needs across their financial lives, while also investing in new areas to further broaden our offering.

Experian

Nadia Ridout-Jamieson              Investor queries                                     [phone]

Gerry Tschopp                            Media queries                                        [phone]

Finsbury

Rollo Head                                                                                                 [phone]

Jenny Davey

About Experian

Experian is the world's leading global information services company. During life's big moments - from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers - we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.

We have 16,500 people operating across 39 countries and every day we're investing in new technologies, talented people and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

 

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