Saga launches multi-stage recap

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By Aidan Gregory
10 Sep 2020

London-listed cruise operator and retirement services provider Saga has completed the first leg of a £150m recapitalisation led by Sir Roger De Haan, the son of its founder.

De Haan has committed to invest up to £100m as part of the firm placing and open offer, which was announced at the end of August to repair Saga’s shattered balance sheet after the volume of cruise line bookings collapsed due to the onset of the Covid-19 global ...

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