German Insurer Allianz Explores £5 Billion Takeover Bid for UK Breakdown Firm AA

Reports indicate that Germany-based financial services giant Allianz is in preliminary talks to acquire the UK’s AA breakdown recovery service in a deal potentially valued at £5 billion.

30 Aug, 09:26 — 30 Aug, 09:26

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The GuardianMostly Factual9h ago

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. Continue reading...

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German Insurer Allianz Explores £5 Billion Takeover Bid for UK Breakdown Firm AA

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AA faces £5bn takeover move by German insurer Allianz, reports claim

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