Acromas offloads tax losses to Saga for £7.65m
Over-50s insurer Saga is to acquire tax losses from Acromas SPC Co and Acromas Mid Co - a 31.5% shareholder in Saga, worth £15.3m, according to a Saga trading statement.
The tax losses will be acquired for £7.65m, or 50% of the tax-affected face value, and will be recognised by Saga in the year ending 31 January 2016.
The statement covered the period 1 August 2015 to
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