Cardiff-headquartered Admiral Group Plc is said to be exploring the possibility of offloading its comparison platforms network Penguin Portals.
Citing people familiar with the matter, Bloomberg said the potential price tag for Penguin Portals could be as much as US$500 million (around £399 million). No particular company was mentioned as a likely suitor, but investment bank Houlihan Lokey was named as the entity examining Admiral’s options.
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