Over 50s tour operator Saga is likely to be sold or floated independently on the stock market as its owner looks to separate its businesses.
Accountant Ernst & Young is to look at the potential £9 billion break-up strategy which could see roadside rescue business AA, also run by Acromas, sold off or floated.
The 2007 merger of the two household names – AA and Saga – was done at the height of Britain’s buy-out frenzy by Acromas, owned by Charterhouse, CVC and Permira, reports the Telegraph.
Saga is believed to be worth between £3bn-£4bn.
