(RTTNews) - TransUnion (TRU) said it has signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform. TransUnion currently owns 30% of the equity of Monevo after acquiring a minority stake in 2021, and has agreed to acquire the remaining ownership position from Quint. The terms of the deal are not being disclosed.
The company expects the transaction to be funded with existing cash-on-hand and not to have a material impact on leverage, liquidity or TransUnions 2025 operating results.
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