Esure announces demerger of Gocompare.com

London-listed motor carrier Esure has unveiled plans to demerge
from its price aggregation website Gocompare.com.
The move would see Gocompare become a separate listed company on
the London Stock Exchange. The demerger is anticipated to cost
around £19mn ($25.2mn).
Prior to completion, Gocompare will draw down on a new
£75mn debt facility. The website will then pay Esure a cash
dividend of approximately £63mn.
The £63mn will be used to cover fees incurred by the
insurer r