The £2.3bn meerkat! Compare the Market calls off London float after Canadian pension fund invests



Price comparison website Compare the Market’s owner has ditched plans to float after a Canadian pension fund ploughed £675million into it.
BGL Group had been considering a public offering on the London Stock Exchange but has instead struck a deal with Canada Pension Plan Investment Board.
The fund agreed to buy 30 per cent of shares in the business, which is famous for its adverts with the colourful meerkat Aleksandr Orlov, valuing it at £2.25billion. 
The deal is expected to complete in April, with BHL – the owner of BGL – retaining a majority stake.
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23 November 2017 in Business, Views: 63
Source: Daily Mail
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