Coface buys stake in Frontline

The Coface Group (Coface), the Paris-listed credit insurance and credit management group, has taken a majority shareholding in Frontline Business Information (Frontline) in Hong Kong. Frontline, formed in 1982, is a business credit information and pre-legal commercial collection agency. Coface's stake in Frontline closes Coface's gap in Asia in relation to alliances with local credit management and information companies, and gives a preview of Coface's expansionist plans into Greater China.