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UK: Competition watchdog approves Esure £95m acquisition

By  |  February 24, 2015
UK: Competition watchdog approves Esure £95m acquisition

The Competition and Markets Authority has approved Esure’sproposed £95m acquisition of Gocompare. Insurance giant esure announced that it had snapped up the 50pc stake in the price comparison website that it did not already own in a £95m deal that will give it full control of the company.

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    The acquisition, which is subject to regulatory approval, will be funded by a £125m subordinated debt issue. Deutsche Bank has been appointed as sole book runner for the deal.

     

    Full Content: The Telegraph

     

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