TransUnion looks at acquisitions to enter main South American markets

Tuesday, July 12, 2011

Chicago-based credit and information manager TransUnion is looking at entering the main South American markets such as Argentina, Peru and Brazil by creating financial and non-banking credit bureaus through the acquisition of majority stakes in already existing companies.

"We have already covered the northern part of the continent as well as Central America. We find South American countries very attractive, and we would like to begin operating in at least three or four of them in the medium term," company president for Latin America María Olga Rehbeín told BNamericas.

In mid-June, TransUnion launched operations in Chile with the aim of more than doubling its customer base and revenues in 3-5 years.

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In Latin America, the company also operates in Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Nicaragua and Trinidad and Tobago.

TransUnion operates in 25 countries. It has more than 50,000 customers and keeps track records for some 500mn consumers worldwide.