TransUnion Expands In Mexico With $560 Million Acquisition, Aims To Lead In FinTech And Financial Inclusion - TransUnion (NYSE:TRU)

TransUnion buys out Mexican banks’ stakes in the Mexican Credit Bureau

U.S. credit reporting agency TransUnion has signed a definitive agreement to acquire majority ownership in the consumer credit business of the largest credit bureau in Mexico, Buró de Crédito. Mexican banks BBVA, Banorte, Scotiabank, HSBC and Santander announced on Thursday that they will separately sell their respective stakes in TransUnion México, which controls the Buró de Crédito. The buy-out — estimated at US $560 million — leaves TransUnio…

TransUnion Expands In Mexico With $560 Million Acquisition, Aims To Lead In FinTech And Financial Inclusion - TransUnion (NYSE:TRU)

TransUnion (NYSE:TRU) on Thursday signed a definitive agreement to acquire a majority stake in Trans Union de Mexico, a key consumer credit business owned by Mexico’s largest credit bureau, Buró de Crédito. Currently, TransUnion owns 26% of the Mexican business and has held seats on the board for over 20 years. With this new acquisition, TransUnion will purchase an additional 68% of the company from major shareholders, including Mexico’s largest…

TransUnion seals deal for majority stake in Mexican consumer credit business

TransUnion has entered a deal to acquire a majority stake in Trans Union de Mexico, the consumer credit unit of Mexican credit bureau Buró de Crédito, for $560m in cash. This deal will increase information and insights company TransUnion’s stake in Trans Union de Mexico from around 26% to roughly 94%. The transaction, which is anticipated to be finalised by the end of 2025, excludes Buró de Crédito’s commercial credit business. Completion of the…

TransUnion to gain control of top Mexican credit bureau - LatinFinance

US firm buys 68% stake held by Mexico’s biggest banks The post TransUnion to gain control of top Mexican credit bureau appeared first on LatinFinance.