13 May 2008
Experian, the global information services company, announces that it has created a joint venture with CCB Inc., 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 Inc., 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 | +44 (0)20 3042 4215 |
| Finsbury | ||
| Rollo Head | +44 (0)20 7251 380 | |
| Don Hunter | ||
Experian announcements are available on www.experiangroup.com.