AA faces £5bn takeover move by German insurer Allianz, reports claim
Breakdown recovery group’s private equity owners reportedly in talks with various suitors to sell company Germany-based financial services company Allianz is considering a £5bn takeover swoop for AA, the breakdown recovery group, Sky News has reported.
Allianz is one of a small number of parties holding talks with advisers to the AA about a deal, Sky News said, adding that the private equity outfit EQT was another bidder.
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5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theguardian.com — the content belongs to The Guardian Business.
