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Skipton sells its majority stake
Skipton Building Society has sold its majority stake in Callcredit to British-based private equity firm Vitruvian, ending months of speculation over the future of a growing player in the UK credit information market. Callcredit, which competes with US group Equifax and Experian in Britain, was put on the block earlier this year after a strategic review by Britain’s fourth-largest building society, sparking private equity interest. Skipton did not disclose the size of the stake sold or the price of the sale to Vitruvian, but said the move was backed by management.