Kelso Group Buys 400,000 Shares in Travel Company Saga

Dow Jones

Jan 06

By Billy Gray

Kelso Group Holdings completed the purchase of 400,000 shares in U.K. travel company Saga.

The U.K. investment company said Tuesday that it purchased the shares at an average price of 386.5 pence. Saga's market capitalization was 551.5 million pounds ($746.8 million) as of Monday's market close and recently exceeded the company's net debt for the first time in more than five years, Kelso added.

Nigel Knowles, chairman of Kelso, said the company believes Saga's management has successfully turned it around over the past five years by reducing debt and growing pretax profit.

Write to Billy Gray at william.gray@wsj.com

(END) Dow Jones Newswires

January 06, 2026 02:37 ET (07:37 GMT)

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Saga's market capitalization was 551.5 million pounds ($746.8 million) as of Monday's market close and recently exceeded the company's net debt for the first time in more than five years, Kelso added. \n</p>\n<p>\n  Nigel Knowles, chairman of Kelso, said the company believes Saga's management has successfully turned it around over the past five years by reducing debt and growing pretax profit. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Billy Gray at william.gray@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 06, 2026 02:37 ET (07:37 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGA","symbol_name":"Saga Communications Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601786480","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601786480","pubTimestamp":1767685020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Kelso Group Holdings completed the purchase of 400,000 shares in U.K. travel company Saga.The U.K. investment company said Tuesday that it purchased the shares at an average price of 386.5 pence. 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Saga's market capitalization was 551.5 million pounds ($746.8 million) as of Monday's market close and recently exceeded the company's net debt for the first time in more than five years, Kelso added. \n\n\n  Nigel Knowles, chairman of Kelso, said the company believes Saga's management has successfully turned it around over the past five years by reducing debt and growing pretax profit. \n\n\n \n\n\n  Write to Billy Gray at william.gray@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 06, 2026 02:37 ET (07:37 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}