Esure confirms Gocompare demerger plan
Aggregator to seek stock exchange listing before the end of the year.
Esure has confirmed that it intends to demerge aggregator Gocompare.com through a separate listing on the London Stock Exchange.
The deal was first reported in June when the insurer said it was undertaking a strategic review.
The delisting is conditional on the approval of Esure shareholders and subject to regulatory approval.
If passed esure anticipates the demerger will happen in the final quarter of this year.
Costs
The provider said it anticipated costs from the demerger to be around £19m.
It
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