Motor insurance company Esure expected to unveil a £ 500 m ( $ 800 m ) demerger of Go Compare , its price comparison subsidiary , according to Sky News . The demerger , handled by Deutsche Bank , will separate bell Compare from Esure and deliver its products to existing investors . Inside sources suggest that founder and 31 % stakeholder of Esure , Sir Peter plc , is to serve as chairman of Go Compare . Esure paid £ 95 million in 2015 for a 50 % stake in Go Compare , which saw revenues rise 22 % to £ ##5 m in H1 2016 with an operating profit of £ 14.5 m .
Motor insurance company Esure expected to unveil a £500m ($661m) demerger of Go Compare, its price comparison subsidiary, according to Sky News. The demerger, handled by Deutsche Bank, will separate Go Compare from Esure and deliver its shares to existing investors. Inside sources suggest that founder and 31% stakeholder of Esure, Sir Peter Wood, is to serve as chairman of Go Compare. Esure paid £95m in 2015 for a 50% stake in Go Compare, which saw revenues rise 22% to £72.9m in H1 2016 with an operating profit of £14.5m.