Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Experian plc    EXPN   GB00B19NLV48

EXPERIAN PLC (EXPN)

16
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Experian plc : Sale of PriceGrabber and NA online lead generation

10/26/2012 | 06:07am US/Eastern

news release

26 October 2012- Experian, the global information services company, announces that it has completed the sale of its price comparison shopping business (PriceGrabber) and its North America online lead generation activities (LowerMyBills and ClassesUSA) to the management team of those businesses.

The gross consideration is US$80m, consisting of US$2m cash at closing and a US$78m loan note. In addition further consideration is available to Experian if defined profit targets are achieved over time and in certain other circumstances, up to a fully inclusive total of US$110m. In respect of the transaction, Experian expects to realise cash tax relief of approximately US$120m over the next two years.

Don Robert, Chief Executive of Experian said:

"Over the past four years, we have focused our strategy on extending our global lead in credit information and analytics, digital marketing services and consumer services. As part of that process, we designated PriceGrabber and the lead generation activities as non-core operations, believing that they would be best developed by an independent owner. We thank all our friends and colleagues at these businesses for their support over the years and wish them every future success."

For the year ended 31 March 2012, revenues for the businesses sold were US$283m and EBIT was US$20m.

Contact

Experian

Nadia Ridout-Jamieson          Director of Investor Relations             +44 (0)20 3042 4215

James Russell                        Communications Director, UK&I and EMEA

RLM Finsbury

Rollo Head                                                                                          +44 (0)20 7251 3801

Don Hunter

About Experian

Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2012 was US$4.5 billion. Experian employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.


This information is provided by RNS
The company news service from the London Stock Exchange
ENDDISBKPDDKBDBKKB
distributed by
Latest news on EXPERIAN PLC
1d ago EXPERIAN : We help put extra cash in your pocket
1d ago EXPERIAN : We help put extra cash in your pocket
2d ago EXPERIAN : Young renters and affluent couples most likely to fall prey to identi..
2d ago EXPERIAN : Automotive’s bone-chilling analysis shows Chicago and New York ..
2d ago EXPERIAN : VerticalRent Announces No Cost Tenant Screening for Landlords and Pro..
3d ago EXPERIAN : and the SBA continue relationship for a third year to provide Busines..
3d ago EXPERIAN : PrestaShop Announces New Hires to Support Ambitious Growth Plans: New..
4d ago EXPERIAN : Customer data integration service helps companies better organize com..
5d ago EXPERIAN : Independent research firm concludes that email marketers are poised t..
5d ago EXPERIAN : appoints Scott Bagwell as president of Experian : Health
Advertisement
Chart
Duration : Period :
Experian plc Technical Analysis Chart | EXPN | GB00B19NLV48 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF