Experian plc EXPN Sale of PriceGrabber and NA online lead generation

  Experian plc (EXPN) - Sale of PriceGrabber and NA online lead generation

RNS Number : 5916P
Experian plc
26 October 2012






                                                                  news release

                                                                             

   Sale of PriceGrabber and North America online lead generation activities

                                      

26 October 2012 - Experian, the global information services company, announces
that it has completed the sale of its price comparison shopping business
(PriceGrabber) and its North America online lead generation activities
(LowerMyBills and ClassesUSA) to the management team of those businesses.



The gross consideration is US$80m, consisting of US$2m cash at closing and a
US$78m loan note. In addition further consideration is available to Experian
if defined profit targets are achieved over time and in certain other
circumstances, up to a fully inclusive total of US$110m. In respect of the
transaction, Experian expects to realise cash tax relief of approximately
US$120m over the next two years.



Don Robert, Chief Executive of Experian said:



"Over the past four years, we have focused our strategy on extending our
global lead in credit information and analytics, digital marketing services
and consumer services. As part of that process, we designated PriceGrabber and
the lead generation activities as non-core operations, believing that they
would be best developed by an independent owner. We thank all our friends and
colleagues at these businesses for their support over the years and wish them
every future success."



For the year ended 31 March 2012, revenues for the businesses sold were
US$283m and EBIT was US$20m.



Contact



Experian

Nadia Ridout-Jamieson  Director of Investor Relations +44
(0)20 3042 4215

James RussellCommunications Director, UK&I and EMEA



RLM Finsbury

Rollo
Head+44
(0)20 7251 3801

Don Hunter



About Experian

Experian is the leading global information services company, providing data
and analytical tools to clients around the world. The Group helps businesses
to manage credit risk, prevent fraud, target marketing offers and automate
decision making. Experian also helps individuals to check their credit report
and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a
constituent of the FTSE 100 index. Total revenue for the year ended 31 March
2012 was US$4.5 billion. Experian employs approximately 17,000 people in 44
countries and has its corporate headquarters in Dublin, Ireland, with
operational headquarters in Nottingham, UK; California, US; and São Paulo,
Brazil.

For more information, visithttp://www.experianplc.com.

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


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