Motoring group’s shares rise after it says it has received three takeover approaches
The AA could be taken back into private equity ownership, as the motoring group said it was in talks with three suitors in an effort reduce its £2.65bn debt pile.
The firm, which was founded in 1905 as the Automobile Association, said it needed to raise funds to pay down its debts. With 3,000 patrol vehicles, the AA provides roadside assistance to 12 million members, including 3 million personal members, and also offers home and car insurance and driving lessons.
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