The insurance group Admiral.com has agreed to sell its comparison website business, which includes Confused.com, to the owner of its rival Uswitch in a deal worth just over £500m.
Admiral has agreed to sell the Penguin Portals arm, which also includes Rastreator.com, LeLynx.fr, the group’s technology operation, and its 50% share in Preminen.com Price Comparison Holdings to ZPG (Zoopla Property Group).
The deal is subject to regulatory approval and is expected to close in the first half of 2021.
read more (guardian)
Admiral has agreed to sell the Penguin Portals arm, which also includes Rastreator.com, LeLynx.fr, the group’s technology operation, and its 50% share in Preminen.com Price Comparison Holdings to ZPG (Zoopla Property Group).
The deal is subject to regulatory approval and is expected to close in the first half of 2021.
read more (guardian)
