Equifax closes purchase of stake in Russian co.

By Associated Press
July 2, 2008
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Credit reporting agency Equifax Inc. said Wednesday it completed the acquisition of a 28 percent stake in Russian credit information company Global Payments Credit Services LLC.

Equifax bought the interest from Global Payments Europe SRO, which is the European unit of Global Payments Inc., and Home Credit & Finance Bank of Russia.

The company plans to re-brand the Russian company as Equifax.

Equifax shares fell 24 cents to $33.47 in afternoon trading.
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