TravelSupermarket combination with Icelolly.comSource: RNS
Moneysupermarket.com Group PLC combination of TravelSupermarket and Icelolly.com cleared by CMA
12 August 2021
Moneysupermarket.com Group PLC (the "Group") is pleased to confirm the satisfactory completion of the UK merger control process in respect of the proposed combination of TravelSupermarket and Icelolly.com to create the Ice Travel Group.
The final condition for completion of the combination has now been met. The Group expects to complete the transaction in early September.
In 2019 TravelSupermarket and Icelolly.com between them generated around £30m in revenue and under £10m in EBITDA. Given the current state of the travel market, we expect Icelolly.com to incur EBITDA losses to the end of 2021 but for in-year synergies to broadly offset these.
For further information, contact:
Scilla Grimble, Chief Financial Officer firstname.lastname@example.org / 0203 826 4667
Ian Gibson, Strategy & IR Director email@example.com / 07974 197742
William Clutterbuck, Maitland/AMO firstname.lastname@example.org / 07785 292617
Cautionary note regarding forward looking statements
This statement may include statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Group undertakes no obligation to update, revise or change any forward-looking statements to reflect events or developments occurring after the date such statements are published. The information in this release is based on management information.