Admiral to pocket £450m for comparison subsidiary despite claiming it had 'no plans' to sell Penguin Portals
Admiral Group has reached an agreement with the owner of Uswitch and Zoopla for the sale of price comparison subsidiary Penguin Portals Group for over £500m.
The deal follows comparison rival Goco Group’s £594m takeover deal with media group Future, announced just over a month ago. Three years ago ZPG saw its £460m bid for Go Compare owner Goco Group
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