American investors are expressing their interest in Shuva
First of all, the Swedish EQT financial investor is said to have expressed an interest in a takeover. Meanwhile, other companies have entered the negotiations, including the US company Hellman & Friedman. This raises legitimate concerns. Data on the financial liquidity that Schufa collects on almost every German citizen and about six million highly sensitive German companies. The fact that US investors may now have access to this information is likely to cause great discontent and a lot of uncertainty. Currently, Schufa is owned 35 per cent by credit banks. Savings banks own about 26 percent of the credit agency and private banks own an 18 percent stake. According to the report, Schufa would be valued at nearly € 2 billion if sold. According to its own data, the company achieved sales of 212 million euros in 2019.
Early stage negotiations
Official data from the parties involved in the alleged sale are pending. However, according to insider information, negotiations are still at a very early stage and could be cut off at any time. According to the report, Schufa was only recently criticized for providing customers with mobile phone company O2 / Telefónica to improve their creditworthiness, which has been classified as unsuitable for a mobile phone contract, by releasing their bank data.
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