Coup for Numis as it scoops the cleanout trade in Saga shares
Jaws dropped on equity syndicate desks across London on Thursday evening when Numis Securities, on its own, launched an audacious £688m cleanout block trade in shares of Saga, the UK insurance and holidays group focused on the over-50s.
Up to now, Bank of America Merrill Lynch has dominated block trades in the stock, which has been one of the most prolific sources of block sales.
The sale of 352.7m shares for Acromas Bid Co, the vehicle through which Charterhouse, CVC and Permira have owned Saga since
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