Former owner of Saga invests £100m to save company from Covid crisis

Sir Roger de Haan buys up 20% of shares and joins board of over-50s travel and insurance group

The former owner of Saga, who became a billionaire after selling the over-50s holiday and insurance group in 2004, is returning to the business by investing £100m to shore up the company’s finances.

Sir Roger de Haan, who sold Saga for £1.35bn 16 years ago, will inject the funds in return for a stake in the company of around 20%, with the company seeking a further £50m from existing investors.

Continue reading…

Source link