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| Name | Symbol | Market | Type |
|---|---|---|---|
| Experian Plc (QX) | USOTC:EXPGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.21 | -0.44% | 47.33 | 47.33 | 47.41 | 47.55 | 47.21 | 47.54 | 66,533 | 19:11:42 |
From May 2021 to May 2024
By Michael Susin
Experian PLC said Monday that it has agreed to acquire a 51% stake in Brazilian fintech company MOVA Sociedade de Empréstimo entre Pessoas S.A. for a cash consideration of 40 million Brazilian reais ($7.9 million).
The consumer-credit reporting agency said the deal will complement its existing business-to-business solution for small and medium-sized companies.
The London-listed company said the deal will be funded from existing cash and includes a call option to buy the remaining 49% stake between 2026 and 2028.
MOVA's gross assets at Dec. 31 were BRL14.5 million.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
May 16, 2022 02:40 ET (06:40 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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