Gruppo MutuiOnline S.p.A (BIT:MOL) entered into a binding agreement to acquire Rastreator.com Ltd and LeLynx SAS from Penguin Portals Limited and ZPG Comparison Services Holdings UK Limited for €150 million on August 28, 2022. The acquisition will be financed with available cash and the use of already available credit lines. The Transaction has been approved by the respective boards of directors of the Sellers and of Gruppo MutuiOnline and it is subject to customary regulatory approval.

The transaction is expected to close in the first days of 2023. BE Partner S.p.A. acted as financial advisor, Ashley Prebble, Hilary Evenett, Vanessa Marsland and Nicola Hemsley of Clifford Chance Studio Legale Associato acted as legal advisor and PricewaterhouseCoopers Advisory SpA acted as accountant to Gruppo MutuiOnline. Baker & Mckenzie LLP, London acted as legal advisors to sellers Penguin Portals Limited and ZPG Comparison Services Holdings UK Limited.

Roxanne Anderson, Gautam Ganjawala and Vivek Pillai of AZB & Partners acted as legal advisor to Gruppo MutuiOnline S.p.A.