Equifax Closes Russia Transaction
Services to be Provided Through Leading Credit Information Company
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 in Russia. 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 of Russia (Home Credit). GPCS and its shareholders will now submit the appropriate notifications as required by the Russian Federation. As previously announced, GPCS will be re-branded 'Equifax' and Equifax will assume responsibility for operations.
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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 in Atlanta, Georgia, Equifax Inc. employs approximately 7,000 people in 14 countries throughout North 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 throughout the United States, Canada, Latin America, Europe and the Asia-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. and Europe to destinations in Latin America, Morocco, and the 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 and Eastern 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 the Czech Republic (Home Credit, since 1997), in the Slovak Republic (Home Credit Slovakia, since 1999), in the Russian Federation (Home Credit & Finance Bank, since 2002), in Kazakhstan (Home Credit Kazakhstan, since December 2005). In 2006 the company entered the markets in Belarus (OAO Home Credit Bank) and in Ukraine (CJSC Home Credit Bank, Home Credit Finance), since December 2007 it has been active in China (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
Released July 2, 2008