Wednesday, November 29, 2006
AA to be sold?
Speculation is mounting that the AA could soon be sold or floated in a £3bn deal.
The motoring organisation is reported to have appointed accountancy firm PricewaterhouseCoopers to compile a report on its finances for potential buyers and investors.
The AA is owned by investment firms CVC and Permira, which acquired the business in September 2004 for £1.75bn.
DATED: 29.11.06
FEED: MT
The motoring organisation is reported to have appointed accountancy firm PricewaterhouseCoopers to compile a report on its finances for potential buyers and investors.
The AA is owned by investment firms CVC and Permira, which acquired the business in September 2004 for £1.75bn.
DATED: 29.11.06
FEED: MT
