GUS unveils demerger.

Investors Chronicle, March, 2006

GUS has announced that its two divisions, Argos Retail Group (ARG) and Experian, are to separate and become independently listed on the London Stock Exchange in the next six to 12 months. At the time of the demerger, Experian will issue new shares to both existing GUS shareholders and new investors. These are expected to comprise around 10 to 15 per cent of Experian's share capital. All of GUS's outstanding debt will be taken on by Experian.

Steve Davies, retail analyst at Numis Securities, says: "Experian is a very exciting prospect, so this is the place to put the debt. And it needs the extra firepower from the new share issue to take advantage of all its opportunities."

Experian's origins are in the formation of credit-checking databases covering...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.