25th May 2018 16:50
LONDON (Alliance News) - The Competition and Markets Authority said on Friday that it is inviting comments on whether Experian Ltd's planned merger with Credit Laser Holdings Ltd, also known as ClearScore, will create competition concerns.
The companies, which both provide credit scoring services, agreed to merge in March. Experian will acquire 100% of Credit Laser Holdings' share capital for a USD385 million consideration.
The acquisition is due to complete in March 2019 but the CMA is considering whether the merger represents a "substantial lessening of competition" in the UK.
Shares in Experian closed down 0.2% at 1,862.00 pence on Friday.
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