Majority shareholder Acromas sells 11 pct of UK insurer Saga

May 13 (Reuters) - Saga Plc's largest shareholder Acromas Bid Co Ltd has sold an 11 percent stake in the UK insurer via placing, raising gross proceeds of 239 million pounds ($374.5 million), sole bookrunner BofA Merrill Lynch said on Wednesday.

from Reuters: New Issues News http://ift.tt/1QIg8ja