November 23, 2017 / 4:08 PM / 6 months ago

Property website ZPG ends pursuit of rival GoCompare

(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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