Saga in Advanced Talks with Ageas for Insurance Partnership

Saga aims to reduce debt through a potential deal with Belgian insurer Ageas, which could see upfront and commission payments.

Saga's shares rose 10% following confirmation of discussions with Ageas.
The deal could provide Saga with an upfront payment and subsequent commissions from Ageas.
Saga has delayed its half-year results to continue exploring partnership opportunities.
Saga's insurance division has faced challenges due to cost pressures and market conditions.
Ageas previously attempted to acquire Direct Line Group but was unsuccessful.