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Moneyextra sells consumer site

Online personal finance company Moneyextra is selling its moneyextra.com consumer portal to the Bristol & West building society for £26m.

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LONDON (Brand Republic) - Online personal finance company Moneyextra is selling its moneyextra.com consumer portal to the Bristol & West building society for £26m.

The sale to the Bank of Ireland-owned company is part of a restructuring plan that will see the company refocus its business on B2B services. As part of this new strategy, it is buying personal finance firm Ingelby 1045 for £29.4m. Ingelby is the holding company for personal finance support firm Crisp Computing.

Shares in MoneyExtra rose 8.5% to 33.5p in early trade this morning. The price has plummeted from a year high of 353p.

www.moneyextra.com



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