Hedge fund takes stake in Saga

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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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