Business
Admiral Group plc Agreement With Mapfre S.A.
Admiral Group plc Agreement With Mapfre S.A..
About this update from Admiral Group Plc
[{"type":"text","content":"\n \n\n\n\n\nAdmiral Group, the FTSE 100 UK insurance group, and Mapfre S.A., member of the\nIBEX 35 index, announce Mapfre Familiar’s purchase of a 25% shareholding in\nAdmiral’s new price comparison business in Spain, Rastreator.com. Terms of the\npurchase have not been disclosed.\n\nRastreator.com launched at the end of March as one of the first car insurance\nprice comparison sites in Spain. It is attempting to follow the highly\nsuccessful footsteps of Confused.com in the UK.\n\nHenry Engelhardt, Admiral Chief Executive, said “We think there’s a good chance\nfor success for Rastreator in Spain and we’re glad to have the involvement from\nsuch an outstanding Spanish insurer as Mapfre.’\n\nAntonio Huertas, Mapfre Familiar CEO, said ‘We’re pleased to get involved with\nAdmiral Group in what we think is a very exciting new venture.’\nFor further information please contact\n\nLouisa Scadden (Admiral Group) 02920 434394\n\n\n\n\n\n\n\n[HUG#1364658]\n\n\n\n\n\n\n\n\t\n\n\n\n \n ","length":1058,"tagName":"div"}]