German insurer Allianz weighs £5bn takeover of AA roadside rescue giant

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The Guardian

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 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 anot…

30 Aug, 09:26

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Sky Business

German insurer Allianz weighs £5bn takeover of AA roadside rescue giant

Allianz, the German insurance behemoth, is considering a £5bn takeover swoop for the AA, the breakdown recovery group which ranks among Britain’s biggest membership organisations.