Allianz Considers £5bn Takeover of AA Roadside Recovery Group
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.
Coverage (5)
- AA targeted by Germany’s Allianz in £5bn takeover swoop (uk.finance.yahoo.com)
- AA targeted by Germany’s Allianz in £5bn takeover swoop (finance.yahoo.com)
- German insurer Allianz weighs $8.6 billion takeover of AA roadside rescue giant: Report (straitstimes.com)
- German insurer Allianz weighs $6.77 billion takeover of AA roadside rescue giant, Sky News reports (reuters.com)
- German insurer Allianz weighs £5bn takeover of AA roadside rescue giant (uk.finance.yahoo.com)