(RTTNews) - Equifax Inc. (EFX: News, Chart, Quote ) said it has taken a majority ownership stake in Credit Report C.A. Buro de Informacion Crediticia, the leading credit reporting company in Ecuador. Equifax purchased 70% of the total shares outstanding from Credit Report's management and other individuals, bringing Equifax's total ownership to 95%.
Equifax's investment in Ecuador reflect its stated strategy to expand its global presence where the company can leverage technology, data assets and analytics to help customers make critical business decisions in growing markets.
news source : http://www.rttnews.com/
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