Published:
Equifax Closes Russia Transaction
ATLANTA, July 2 /PRNewswire/ -- Equifax (NYSE: EFX) today confirmed it has
completed its acquisition of a 28 percent equity stake in Global Payments
Credit Services LLC (GPCS), a leading credit information company inRussia.
Equifax is acquiring its interest from Global Payments Europe, s.r.o., a
subsidiary of Global Payments Inc. (NYSE: GPN), and Home Credit & Finance Bank
ofRussia (Home Credit). GPCS and its shareholders will now submit the
appropriate notifications as required by theRussian Federation. As
previously announced, GPCS will be re-branded 'Equifax' and Equifax will
assume responsibility for operations.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO )
About Equifax Inc. (www.equifax.com)
Equifax empowers businesses and consumers with information they can trust.
A global leader in information solutions, we leverage one of the largest
sources of consumer and commercial data, along with advanced analytics and
proprietary technology, to create customized insights that enrich both the
performance of businesses and the lives of consumers.
Customers have trusted Equifax for over 100 years to deliver innovative
solutions with the highest integrity and reliability. Businesses - large and
small - rely on us for consumer and business credit intelligence, portfolio
management, fraud detection, decisioning technology, marketing tools, and much
more. We empower individual consumers to manage their personal credit
information, protect their identity, and maximize their financial well-being.
Headquartered inAtlanta, Georgia, Equifax Inc. employs approximately
7,000 people in 14 countries throughoutNorth America,Latin America and
Europe. Equifax is a member of Standard & Poor's (S&P) 500(R) Index. Our
common stock is traded on the New York Stock Exchange under the symbol EFX.
About Global Payments Inc. (NYSE: GPN)
Global Payments Inc. is a leading provider of electronic transaction
processing services for consumers, merchants, Independent Sales Organizations
(ISOs), financial institutions, government agencies and multi-national
corporations located throughoutthe United States,Canada,Latin America,
Europe and theAsia-Pacific region. Global Payments offers a comprehensive
line of processing solutions for credit and debit cards, business-to-business
purchasing cards, gift cards, electronic check conversion and check guarantee,
verification and recovery including electronic check services, as well as
terminal management. The company also provides consumer money transfer
services from the U.S. andEurope to destinations inLatin America,Morocco,
andthe Philippines. For more information about the company and its services,
visit www.globalpaymentsinc.com.
About Home Credit Group (www.homecredit.net; www.homecredit.ru)
The companies of Home Credit Group are active on the consumer financing
markets in the Central andEastern Europe, Middle Asia and Far East. In 2007
they jointly provided loans in the total amount of 3.3 billion. Home Credit
Group assumes leading positions on the markets in theCzech Republic (Home
Credit, since 1997), in the Slovak Republic (Home Credit Slovakia, since
1999), in theRussian Federation (Home Credit & Finance Bank, since 2002), in
Kazakhstan (Home Credit Kazakhstan, since December 2005). In 2006 the company
entered the markets inBelarus (OAO Home Credit Bank) and inUkraine (CJSC
Home Credit Bank, Home Credit Finance), since December 2007 it has been active
inChina (Home Credit Asia).
Home Credit Group is a part of the international financial PPF Group,
which deals with consumer financing and provides complex services in the area
of management and administration of assets. After 17 years of its existence
PPF Group has become one of the leading international financial investors and
by the end of 2007 it managed assets in the amount exceeding euro 10.1
billion.
SOURCE Equifax
Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze,
Daily News
Tags: ,CPR,PUB,ECM,STW,TNM,GA-Equifax-Russia-acq
_ _Is your favorite bookmark site missing?
Ask for it.