uk.finance.yahoo.com

Allianz Considers £5bn Takeover of AA Roadside Recovery Group

Allianz SE logoAllianz SE
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Allianz is weighing a potential £5bn takeover of the AA, Britain’s breakdown recovery and membership organisation, with talks between Allianz and advisers reportedly underway for several months. The AA is owned by private equity firms running a dual-track process that could also lead to a London listing. The AA has over 16 million customers, 2,700 patrols, and serviced millions of breakdowns last year.

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