GMOL acquires comparator in Mexico

GMOL acquires comparator in Mexico

M&A Mexico Spain France United Kingdom Capital Markets Asset Management Technology

Italian retail credit and insurance broker Gruppo MutuiOnline (GMOL) said Monday that it paid €150 million ($150 million) to acquire the Rastreator and Lelynx insurance price comparison websites in France, Mexico and Spain from London-based RVU Group.  GMOL will finance the transaction “with available cash and the use of already available credit lines,” it said in a press release.  In the deal, GMOL picked up the comparators in France, Mexico and Spain, as well as RVU's business in India, Rastre

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