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BREAKING NEWS

Property website ZPG ends pursuit of rival GoCompare

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Property website ZPG ends pursuit of rival GoCompare

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(Reuters) – British real estate website ZPG Plc <ZPG.L> said on Thursday it does not plan to make a further offer for rival GoCompare <GOCO.L>, a week after GoCompare rejected its $600 million takeover approach. GoCompare had rejected ZPG’s approach saying the offer “does not reflect the strong ‎growth prospects of the company.” GoCompare made its debut on the London stock market a year ago following its demerger from insurer Esure <ESUR.L>, Shares in GoCompare were down about 5.2 percent at 1536 GMT while ZPG shares were down marginally.

(Reporting by Rahul B in Bengaluru. Editing by Jane Merriman)
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