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ACCC reviewing credit data deal as Experian pounces on illion

James Eyers

The competition regulator is probing Irish credit file giant Experian’s proposed $US532 million ($820 million) acquisition of illion, which competes with US-based Equifax supplying local banks with the data they use to evaluate borrowers.

Control of strategic consumer credit data sets has been put into play as Archer Capital looks to sell illion, as its private equity portfolios are wound down.

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James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/accc-reviewing-credit-data-deal-as-experian-pounces-on-illion-20240409-p5fif6