Verivox GmbH, a German price- comparison website, has started to compare and broker financial products, to offset dropping revenue from its electricity business, Handelsblatt reported, citing Chief Executive Officer Chris Oehlund.

The company is initially offering services for overnight money, time deposits and car insurance and may add further financial instruments, the newspaper said.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net