Saga may be sold off in shake-up

Thursday, 24 Sep, 2012 0

Over 50s tour operator Saga is likely to be sold or floated independently on the stock market as its owner looks to separate its businesses.

Accountant Ernst & Young is to look at the potential £9 billion break-up strategy which could see roadside rescue business AA, also run by Acromas, sold off or floated.

The 2007 merger of the two household names – AA and Saga – was done at the height of Britain’s buy-out frenzy by Acromas, owned by Charterhouse, CVC and Permira, reports the Telegraph.

Saga is believed to be worth between £3bn-£4bn.



 

profileimage

Diane



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...