Sabre investors sell shares worth £116m
Private equity firm BC Partners exits the provider, while founder Angus Ball retains 1.8% of share capital.
Sabre Insurance Group investors BC Partners and founder Angus Ball have sold shares in the company worth £116.4m.
The vendors sold a total of 44,757,377 ordinary shares at a price of 260 pence per share. This represented around 17.9% of Sabre’s share capital.
Following the sale private equity firm BC Partners, Sabre’s former majority owners, will no longer have any shares in the insurer, while Ball will own 1.8% of the company’s share capital.
According to a statement on the London stock
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