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3 years ago
UK insurer Saga prices listing at bottom of range - sources
May 22, 2014 / 1:11 PM / 3 years ago

UK insurer Saga prices listing at bottom of range - sources

LONDON, May 22 (Reuters) - UK over-50s insurance firm Saga has priced its London listing at 185 pence ($3.12) a share, two sources familiar with the matter said on Thursday, the bottom of its original price range.

A source told Reuters yesterday that a price of 185 pence would give Saga an equity value of 2.03 billion pounds. The company is owned by private equity firms Permira, Charterhouse and CVC.

$1 = 0.5925 British Pounds Reporting by Freya Berry; editing by Clare Hutchison and Alex Smith

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