UK based Credit-ratings checker Experian has acquired the remaining 29.6 percent of Brazilian credit company Serasa that it does not already hold.

The deal has been valued at $1.5 billion and comes five years after the original deal to acquire 70 percent of the business, which had succeeded in generating large operating profits.

Completion of the purchase is expected to be finalised by the end of the year. Don Hunter spokesman for Experian said: “Since 2007, business in Brazil has exceeded Experian's expectations”.