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Experian Australia in regulatory tussle over proposed Illion takeover

By Ryan Cropp ( April 5, 2024, 05:01 GMT | Insight) -- The Australian arm of global data-analytics giant Experian Group has picked a fight with the country’s competition authority, after the watchdog launched a review of the company’s proposed $538 million takeover of local consumer-credit reporting company Illion, just a day after the deal was publicly announced. The Australian Competition & Consumer Commission said both companies provided consumer-credit reporting services in Australia, as well as categorization solutions, marketing services and software for managing customer originations.The Australian arm of global data analytics giant Experian Group has picked a fight with the country’s competition authority, after the watchdog launched a review of the company’s proposed A$820 million ($538 million) takeover of local consumer credit reporting firm Illion — just a day after the deal was publicly announced....

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