30th Jun 2016 11:34
LONDON (Alliance News) - Insurer esure Group PLC on Thursday said it has not received any approached from potential buyers following press speculation it was being circled by private equity suitors.
Sky News reported buyout groups, including US-based KKR, have been exploring takeover offers for esure in recent weeks following the FTSE 250-listed firm saying it was exploring options for its GoCompare price comparison business.
On Thursday, esure said no such approach has been received, and it continues to focus on its strategic review of GoCompare.
esure shares were up 6.7% to 278.00 pence Thursday afternoon, the second best performer in the FTSE 250.
By Sam Unsted; [email protected]; @SamUAtAlliance
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