10 join £1bn Saga race

The potential sale of UK financial services-to-holidays group Saga has attracted at least 10 bids of more than £1bn (€1.5bn), it was reported today.

10 join £1bn Saga race
Fri, 20 Aug, 2004 - 15:55

The potential sale of UK financial services-to-holidays group Saga has attracted at least 10 bids of more than £1bn (€1.5bn), it was reported today.

Private equity groups are leading the race to land the business aimed at the over-50s, although Saga has not yet decided if it will pursue a sale or a flotation.

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