Brief: Ageas To Buy Saga's Insurance Underwriting Business

Saga

11/10/2024 07:16

Oct 11 (Reuters) - Saga PLC  SAGA.L :
    * SAGA AND AGEAS IN EXCLUSIVE NEGOTIATIONS
    * MAY RECEIVE UP TO £60M IN CONTINGENT CONSIDERATION
    * AGEAS UK TO PAY SAGA £80M UPFRONT
    * IN EXCLUSIVE NEGOTIATIONS WITH AGEAS FOR 20-YEAR INSURANCE
PARTNERSHIP
    * AGEAS TO ACQUIRE SAGA'S INSURANCE UNDERWRITING BUSINESS
    * AGEAS UK TO ACQUIRE AICL FOR £67.5M

Source text for Eikon:  ID:nRSK7912Ha 
Further company coverage:  SAGA.L 

 ((Reuters.Briefs@thomsonreuters.com;))