LONDON: British investment vehicle Kelso Group Holdings Plc said on Tuesday it had built a new position in Saga Plc, betting that the over-50s specialist is poised for a re-rating as debt falls and its cruise-focused travel business thrives. Kelso purchased 400,000 shares in Saga at an average price of 386.5 pence in January, it…
LONDON: Saga Plc is currently in exclusive negotiations with Ageas SA/NV to form a 20-year partnership for motor and home insurance. As part of this deal, Ageas would also acquire Saga’s Insurance Underwriting business, Acromas Insurance Company Limited (AICL). This proposed partnership aims to combine the strengths of the Saga brand, its marketing skills, and…
LONDON, UK: Saga Plc has appointed Euan Sutherland as Group Chief Executive Officer with effect from 6 January 2020. Lance Batchelor is retiring and will continue as a statutory Director until he leaves the business on 31 January 2020. Saga is a specialist in the provision of products and services for life after 50. Euan…