AA could be set for new ownership

The AA could be set for new ownership after it was reported today that preparations were taking place for a £3bn (€4.4bn) sale or flotation.

AA could be set for new ownership
Sun, 26 Nov, 2006 - 16:54

The AA could be set for new ownership after it was reported today that preparations were taking place for a £3bn (€4.4bn) sale or flotation.

The motoring organisation, which has 15 million members, is currently owned by CVC and Permira after the European private equity firms bought the company from British Gas owner Centrica for £1.75bn (€2.6bn) in September 2004.

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