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Saga 'looks to sell' touring arm Titan Travel

Specialist
27 January 2020

Saga is reportedly looking to sell its escorted touring branch amid falling share prices.

A seven-night "castles and vineyards of the Rhine" cruise from Switzerland into Germany and Breisach costs £1,099pp from October 2021

The Mail on Sunday has reported the company, which provide a range of services for the over-50s, has appointed advisers from Duff & Phelps to shift Titan Travel. 

It said the company has come under pressure from an American hedge fund, which bought a 5% stake in Saga last year, to make the move. 

The sale of Titan could represent  25% of Saga’s total value if it is sold between £100million and £150million, the newspaper’s sources said. 

Potential purchasers are reported as Riviera Travel, Travelopia and private equity firms including ECI Partners and Graphite Capital.