German insurer Allianz weighs $6.77 billion takeover of AA roadside rescue giant, Sky News reports
Aug 29 (Reuters) - Germany-based financial services company Allianz is considering a £5 billion ($6.77 billion) takeover swoop for AA, the breakdown recovery group, Sky News reported on Saturday. AA, founded by a group of motoring enthusiasts in 1905 and known in Britain for its yellow recovery vehicles, was taken public by its previous private equity owners in 2014 at 250 pence a share.
Aug 29 (Reuters) - Germany-based financial services company Allianz is considering a £5 billion ($6.77 billion) takeover swoop for AA, the breakdown recovery group, Sky News reported on Saturday. AA, founded by a group of motoring enthusiasts in 1905 and known in Britain for its yellow recovery vehicles, was taken public by its previous private equity owners in 2014 at 250 pence a share.
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