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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Admiral completes sale of Penguin Portals and Preminen comparison businesses to RVU

By BFN News | 01:09 PM | Friday 30 April, 2021
Admiral Group has announced that ZPG Comparison Services Holdings UK (RVU) has completed the purchase of Penguin Portals Group.
This comprises the online comparison portals Confused.com, Rastreator.com and LeLynx.fr and the group?s technology operation Admiral Technologies. It also includes its 50% share of Preminen Price Comparison Holdings Limited.
MAPFRE has also sold its 25% holding in Rastreator and 50% holding in Preminen as part of the transaction.
The total transaction value, including the amount attributable to MAPFRE, is £508 million and has been satisfied in cash on completion.
The proceeds to Admiral, net of minority interests and transaction costs, amounts to approximately £460 million. ....

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Admiral completes sale of Penguin Portals and Preminen comparison businesses to RVU | 30 April 2021

Admiral completes sale of Penguin Portals and Preminen comparison businesses to RVU ....

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European Market Open: Stimulus, Brexit clarity to drive higher start

European Market Open: Stimulus, Brexit clarity to drive higher start
Joshua Warner
December 29, 2020 7:16 AM
European markets are expected to follow US and Asian indices higher today as the new US stimulus bill and Brexit deal provides some long-awaited clarity to markets.
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European markets are called to open markedly higher this morning, after US and Asian markets climbed to new record highs.
The signing of a new US stimulus bill and the last-minute Brexit deal are providing clarity to markets and putting some major uncertainty in the rear-view mirror.
In forex, the dollar has softened against the euro and the pound. ....

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UK TOP NEWS SUMMARY: Ryanair, Wizz Air Restrict Non-EU Voting Rights

UK TOP NEWS SUMMARY: Ryanair, Wizz Air Restrict Non-EU Voting Rights
Tue, 29th Dec 2020 11:25
(Alliance News) - The following is a summary of top news stories Tuesday.
COMPANIES
Ryanair Holdings and Wizz Air Holdings confirmed that UK shareholders will have little or no say in the running of the two European budget airlines, starting from Friday. Dublin-based Ryanair said it must take steps to ensure that it will remain majority EU owned and controlled following the end of the Brexit transition period. The Irish carrier said it will treat all shares held by non-EU nationals, including UK nationals, as restricted shares from Friday. This means the holders of the shares will not be entitled to attend, speak or vote at any general meeting. Ryanair also said it will extend its existing prohibition on non-EU nationals buying ordinary shares to apply to Britons. It said UK nationals will not be required to sell shares they already own, but they will lose all say in the ....

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