AA could face £5bn takeover move by German insurer Allianz, reports claim
by Reuters from World news | The Guardian on (#781PB)
Breakdown recovery group's private equity owners reportedly in talks with various suitors to sell company
The German-based financial services company Allianz is considering a 5bn takeover swoop for AA, the breakdown recovery group, Sky News has reported.
Allianz was one of a small number of parties holding talks with advisers to AA about a deal, Sky News said, adding that the private equity outfit EQT was another bidder.
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