Monday, April 21, 2008

Equifax buys stake in Russian company

ATLANTA (AP) - Equifax (NYSE:EFX) Inc. bought 28 percent of credit information company Global Payments Credit Services LLC and plans to rebrand the company as its outpost in the Russian market, the credit reporting bureau said Tuesday. Equifax did not disclose terms of its deal with Global Payments Europe SRO, which is the European unit of Global Payments Inc. (NYSE:GPN) The company also took the option to buy up to 50 percent of Global Payments Credit Services. The move is part of its plan to expand into Russia, India, China and Mexico.

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