AA could face £5bn takeover move by German insurer Allianz, reports claim
Breakdown recovery group’s private equity owners reportedly in talks with various suitors to sell companyGermany-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. Continue reading…
Source: www.theguardian.com