Experian expands in Brazil

Article Abstract:

British consumer and business credit information firm Experian Group PLC has bought a 65% stake in Brazil's Serasa credit bureau in a deal valued at $1.2 bil including the transaction costs. Experian plans to raise the stake to 70% during the next six months.

Author: Teitelbaum, Henry
Acquisitions & mergers, Brazil, Mergers, acquisitions and divestments, Company acquisition/merger, Credit bureaus, Experian Ltd.

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Second big HSBC stake is sold to a Mideast firm

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Dubai International Capital bought a stake in UK financial firm HSBC Holdings PLC via its Global Strategic Equities Fund. Although details on the deal were not released, British law requires that a stake exceeding 3% has to be declared.

Author: Larner, Digby, Sleiman, Mirna
Financial management, Investment Offices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Company investment, Investments, United Arab Emirates, Dubai International Capital L.L.C.

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Saudi buys a stake in HSBC: Saad Group founder pays $6.6 billion for 3.11% of the bank

Article Abstract:

Saudi investor Maan Abdul Wahed al-Sanea and his investment firm Saad Group have acquired a 3.11% stake in HSBC Holdings PLC for $6.6 bil, and have announced plans for greater expansion into the banking industry.

Author: McGrath, Steve, Teitelbaum, Henry
Strategy & planning, Saudi Arabia, Planning, Company business planning, Sanea, Maan Abdul Wahed al-

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Subjects list: United Kingdom, Financial services industry, Financial services, Securities, HSBC Holdings PLC, Company securities
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