Ex-Saga chief sails to comeback in £150m cash call

Ex-Saga chief sails to comeback in £150m cash call

The former chief executive of Saga, the over-50s insurance and travel provider, is to stage a stunning comeback as part of a £150m capital-raising to shore up its coronavirus-hit balance sheet.Sky News has learnt that Sir Roger de Haan, who sold Saga for £1.3bn in 2004, is to inject up to £100m into the company in return for a stake of close to 20%.

The firm placing to Sir Roger will be conducted at a substantial premium to the