Creditinfo expands Baltic presence with 100% takeover of KIB Latvia

Creditinfo Group, a London-based credit information and analytics solutions provider, has acquired full ownership of KIB Latvia (AS Kredītinformācijas Birojs), increasing its stake from 51%. The financial details of the buyout have not been disclosed.

Creditinfo first secured a majority stake in KIB Latvia in 2013, and will now use its expanded ownership to bolster its foothold in the wider Baltic region. The remaining 49% share had been split between Citadele, Swedbank, SEB, and Luminor, which have now exited their positions.