Saga raises £150m from shareholders to stay afloat

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Saga raises £150m from shareholders to stay afloat

Aidan Gregory
October 05, 2020 12:00 pm
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30 August 2020, Lower Saxony, Papenburg: The new cruise liner "Spirit of Adventure" has left the Meyer Werft shipyard and is underway on the Ems. The ship built for the British shipping company Saga Cruises is to be transferred to the North Sea via the Ems. Photo: Hauke-Christian Dittrich/dpa | Hauke-Christian Dittrich/DPA/PA Images

Saga, the cruise line operator and provider of retirement services to the elderly, has finished a multi-leg £150m ($193m) recapitalisation intended to repair its balance sheet following a collapse in bookings owing to the Covid-19 pandemic.

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JP MorganEquityABBs-Block TradesUKEuropeEMEA
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Aidan Gregory
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