Motor insurance group Admiral has received approaches from several parties interested in buying insurance comparison website

Admiral acknowledged the approaches in a statement and said the board was considering its options, which include "retention of the business or a partial or full disposal". has around a two-thirds share of insurance services sold via comparison engines, and made £23m in profits for Admiral last year. The site is expected to fetch between £600m and £700m.

Its biggest rival is, which is believed to have been considering a stock market flotation valuing it at around £1bn.

Another rival, uSwitch was sold for £184m to US media group EW Scripps in 2006.

Graham Charlton

Published 25 May, 2007 by Graham Charlton

Graham Charlton is editor in chief at SaleCycle, and former editor at Econsultancy. Follow him on Twitter or connect via Linkedin.

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Comments (1)



I wish had an affiliate programme

about 11 years ago

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