CRIF announces the signing of an agreement for the acquisition of 100% of shares in ERIF Biuro Informacji Gospodarczej S.A. and EBS sp. z o.o., owned by KRUK Group, one of the leaders in the debt management market in Central Europe.
CRIF announces its successful registration as a Payment Initiation Service Provider (PISP) with the Central Bank of Ireland. The authorization issued to CRIF Realtime Ireland, a Group company based in Dublin and 100% controlled by CRIF, extends CRIF’s capabilities in the Open Banking area by providing payment initiation services.
Specifically, the transaction involves the sale to CRIF of Tinexta’s holdings in the companies Innolva S.p.A. and ReValuta S.p.A. The division was valued at a total enterprise value of € 237.5 million.
The acquisition will strengthen CRIF’s local presence in the field of risk management and decision support solutions.
The acquisition will strengthen CRIF’s leading position in the field of business and credit information and risk management solutions in the region.
CRIF has signed an agreement to acquire 70% of “Safe&Sound CJSC”, a credit bureau company in Kyrgyzstan. With the acquisition, the company name becomes "CRIF KG CJSC".
The partnership will enable Know Your Customer to leverage CRIF’s long-established and extensive customer network across 40 countries and 10,500 financial institutions to accelerate growth in new and existing global markets.
This partnership allows banks, Fintech and companies to develop and enrich their fintech services, optimizing of the new open finance scenario to its full potential.
This new issue is part of the Shelf Facility which provides the possibility of placing new issues up to a total value of USD 125 million, helping to support the EUR 350 million investment plan for the three-year period 2021-2023. The note placement involves a 12-year amortization plan (6.5-year average life span) at a fixed interest rate.
The creation of this crucial infrastructure will facilitate the development of the Uzbek credit market, which will in turn help SMEs and consumers to continue to transition to more advanced markets, based on sophisticated credit reference services and value-added solutions.
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