Equifax merger approved by Boa Vista Servicos shareholders

The merger of Equifax and Boa Vista Servicos, the second largest credit bureau in Brazil, received shareholder approval in a Boa Vista Servicos Shareholders’ Meeting. Equifax entered into a definitive Merger Agreement with Boa Vista Servicos on February 9. Boa Vista Servicos shareholders approved the merger protocol, which contains the terms and conditions for implementing the Merger Agreement; the combination of the businesses and resulting delisting of Boa Vista Servicos and exit from the Novo Mercado special listing segment of B3 S.A. – Brasil, Bolsa, Balcao stock exchange; as well as the waiver of the Equifax do Brasil obligation to list its shares with B3 and certain other matters related to the merger. Between July 17 and July 31, 2023, each Boa Vista Servicos shareholder will have the opportunity to elect the form of consideration they will receive for each of their Boa Vista Servicos shares from the following options: R$8.00 in cash, R$7.20 in cash and 0.0008 of an Equifax BDR representing an equivalent fraction of one share of Equifax common stock or R$5.33 of Equifax Brasil common shares and either R$2.67 in cash or 0.0027 of an Equifax BDR. The acquisition is subject to customary closing conditions and is expected to be finalized in early August, alongside the process to delist Boa Vista Servicos shares from B3. Following the completion of the transaction, Boa Vista Servicos will become a subsidiary of Equifax Brasil. The acquisition is not anticipated to have a material impact on 2023 Equifax financial results.