Saga confirms float plans
Over-50s insurer to issue prospectus.
Saga has confirmed plans to list on the London Stock Exchange in a move which could value the company at a reported £3bn.
The specialist insurer for the over-50s market that it will use proceeds of £550m from the flotation to reduce net debt to £700m.
Acromas - owned by Charterhouse, CVC, Permira and others - is expected to sell a proportion of its shareholding in the offer.
The group has over 2.1 million customers.
Andrew Goodsell, executive chairman at Saga said: "What began 60 years ago in a
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