Admiral Group, the FTSE 100 UK insurance group, and Mapfre S.A., member of the
IBEX 35 index, announce Mapfre Familiar’s purchase of a 25% shareholding in
Admiral’s new price comparison business in Spain, Rastreator.com. Terms of the
purchase have not been disclosed.
Rastreator.com launched at the end of March as one of the first car insurance
price comparison sites in Spain. It is attempting to follow the highly
successful footsteps of Confused.com in the UK.
Henry Engelhardt, Admiral Chief Executive, said “We think there’s a good chance
for success for Rastreator in Spain and we’re glad to have the involvement from
such an outstanding Spanish insurer as Mapfre.’
Antonio Huertas, Mapfre Familiar CEO, said ‘We’re pleased to get involved with
Admiral Group in what we think is a very exciting new venture.’
For further information please contact
Louisa Scadden (Admiral Group) 02920 434394
[HUG#1364658]