CIAL in talks to buy Credijusto in $1. 5 B merger: Report

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Aug 6 - Former CIAL Cullen has the blank check company Freedom Acquisition I Corp, in merger talks with Mexican fintech group Credijusto and Latin American data provider CIAL Dun Bradstreet, the Financial Times reported http: www.ft.com content 8072 DFSD - 6 e 01 - 4 a 03 - A 4 d 7 - 2 d 66 fa 742 d 9? ShareType nongift on Friday

The combined Credijusto-CIAL entity could be valued at around $1.5 billion and will be listed in New York later this year, the report said, citing people familiar with the matter.

The special purpose acquisition company is also in discussions with existing investors about investing more money in the deal through the private investment in public equity route, as per the report.

The combined company would have operations in 43 countries and, once the deal is completed, it will be expanded to other parts of the world such as the United States, Africa and Middle East, FT said.