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Saga to sell Radio Assets
18/09/2006
Saga, the holidays and finance group focused on people over 50, is planning to sell its radio assets, according to reports and it could be worth £100m. The group has hired KPMG Corporate Finance to manage a review of the business, which is likely to result in an auction. The radio business has a station in Glasgow, two in the Midlands and another soon to be launched in north-east England. Saga is owned by private-equity house Charterhouse, which is believed to want to float the business next year for a report £2bn value.
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