Saga, the financial services and leisure group which targets the over-50s, is set to land its staff a £500m windfall and is considering a stock market flotation, says the Daily Telegraph .
The company has appointed the investment bank Close Brothers to help it with "future ownership options", with a stock market float as one of the most likely. Any deal is expected to value the company at £2.5bn. This is the latest chapter in what has become an incredible success story for the British company, which has cashed in on the booming "grey" market, says the paper. Close Brothers' appointment comes after Charterhouse, the private equity backer of Saga, revealed it was exploring its options after it had received several unsolicited approaches for the company. Chief executive And...
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