Centrica confirms talks to sell AA

Energy group Centrica confirmed today it is in talks to sell the AA motoring organisation it bought from members for £1.1bn (€1.7bn) five years ago.

Mon, 21 Jun, 2004 - 12:49

Energy group Centrica confirmed today it is in talks to sell the AA motoring organisation it bought from members for £1.1bn (€1.7bn) five years ago.

The British Gas owner is thought to be keen on a sale as it would give it firepower to fund acquisitions in the electricity and gas sector.

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CourtsBusinessHeathrowPlace: GrimsbyOrganisation: CentricaOrganisation: AA EnergyOrganisation: AAOrganisation: Energy group CentricaOrganisation: British GasOrganisation: GasOrganisation: RACOrganisation: Lex Service
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