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Saga mulls sale of leisure businesses – report

Saga mulls sale of leisure businesses – report | Insurance Business UK

Saga mulls sale of leisure businesses – report

Is over-50s insurer Saga Plc letting go of its leisure businesses Titan Travel and Destinology? If Sky News sources are to be believed, it looks like the Kent-headquartered enterprise is exploring that possibility.

Consultancy firm Duff & Phelps has reportedly been called in to see whether there are likely takers for the non-Saga brands.

Titan Travel specialises in escorted tours while Destinology provides luxury holidays. Combined, the two could rack up a sale price of £100 million, according to sources cited by Sky News.

Read more: Saga trading update for August 01, 2018 to January 15, 2019

Meanwhile Saga will release its preliminary results for the year ending January 31, 2019 on April 04. Earlier this year the British firm reported positives from its travel unit.

“Healthy forward sales for our new cruise ships and the growth in membership are encouraging signs for the group,” noted chief executive Lance Batchelor in January.