International hedge fund, Elliot, has acquired a stake in Saga which offers insurance and travel to the over-50s market and floated on the Stock Exchange in 2014.
According to a regulatory filing on the Saga website the fund has bought a 5.141% slice of the business.
The deal completed yesterday (16 July) in the UK.
A Saga spokesperson said: “We have good and open relations with all of our shareholders and expect to be in contact with Elliott shortly.”
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