Summary
THE biggest merger to date in the UK of two private-equity owned firms has been completed, creating a company with more than 11,000 employees, worth more than GBP 6 billion.
Saga, which sells holidays and other products to the over-50s, is to merge with motoring giant AA in a deal valuing the combined firm at GBP 6.15bn. Their combined profits will be GBP 430 million, with a database of 17 million members and customers.See the full content of this document
Extract
Job Fears After Gbp 6bn Saga Aa Tie-Up
The deal values the AA part of the business at about GBP 3.3bn. Private equity firms Permira and CVC bought th...
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