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Actis to exit African credit-information, analytics-services company
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Actis LLP, a London-based private equity firm, agreed to sell credit-information and analytics-services provider Compuscan CRB Ltd. for 3.72 billion South African rand.
The buyer is Experian PLC, an information services company publicly listed in Dublin. Actis bought a majority stake in Compuscan in 2014.
The sale is subject to review by South Africa's competition regulator.
As of Dec. 12, US$1 was equivalent to about 14.16 South African rand.