AA flotation may be on the cards

The owner of the AA, the roadside assistance group, is understood to prefer a public float of the company, rather than its disposal via a trade sale, as has been speculated upon of late.

Whatever the outcome, it is thought very unlikely that the AA’s Irish division — which employs nearly 500 people — will be separated from its British sister.

Reports in the British press, last month, suggested that the Acromas group — the umbrella body formed through the 2007 merger of the AA and “third age” services company Saga — was gearing up to sell off its biggest two brands. The group owns a number of other companies, including DirectChoice Insurance and the British School of Motoring.