Centrica sets up £1.5bn AA auction

The AA was today said to be the subject of a £1.5bn (€2.2bn) auction after reportedly failing to win a place in owner Centrica’s long-term plans.

Centrica sets up £1.5bn AA auction
Sun, 20 Jun, 2004 - 15:15

The AA was today said to be the subject of a £1.5bn (€2.2bn) auction after reportedly failing to win a place in owner Centrica’s long-term plans.

The company, which also owns the British Gas and One.Tel brands, declined to comment on the speculation, which claimed Centrica was looking for a buyer in order to fund acquisitions in the energy sector.

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