Experian Buys 25% Stake in U.K. Mortgage Adviser

By Adam Clark Features Dow Jones Newswires

Experian PLC (EXPN.LN) said Friday that it has agreed to buy a 25% stake in London & Country Mortgages Ltd., a U.K. mortgage broker and adviser.

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The information-services company, which provides credit-report services, didn't disclose the price it paid for the minority stake. London & Country Chairman Mike Edge will remain the majority shareholder in the company.

The two companies said the partnership is the first between a specialist mortgage adviser and an information-services company, and will improve the customer experience in the U.K. mortgage market.

Experian shares were up 9 pence, or 0.6%, to 1,566 pence at 1319 GMT.

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

(END) Dow Jones Newswires

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December 08, 2017 08:42 ET (13:42 GMT)