Experian Buys 25% Stake in U.K. Mortgage Adviser
09 December 2017 - 12:57AM
Dow Jones News
By Adam Clark
Experian PLC (EXPN.LN) said Friday that it has agreed to buy a
25% stake in London & Country Mortgages Ltd., a U.K. mortgage
broker and adviser.
The information-services company, which provides credit-report
services, didn't disclose the price it paid for the minority stake.
London & Country Chairman Mike Edge will remain the majority
shareholder in the company.
The two companies said the partnership is the first between a
specialist mortgage adviser and an information-services company,
and will improve the customer experience in the U.K. mortgage
market.
Experian shares were up 9 pence, or 0.6%, to 1,566 pence at 1319
GMT.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
December 08, 2017 08:42 ET (13:42 GMT)
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