GUS to Demerge Argos and Experian

29 March 2006

    LONDON - The former retail giant announced the final stage of its dismemberment programme.
    Within the next "six to twelve months" GUS Group plans to demerge its remaining trading assets: the Argos Retail Group and credit ratings, CRM and data-mining specialist Experian.
   Each will be separately listed on the London Stock Exchange.
    "Both ARG and Experian are now well-positioned in their chosen markets and both have proven management teams and clear strategies for growth," said GUS chairman Sir Victor Blank.