
Financial services giant Allianz is reportedly among a small number of parties holding talks regarding a £5bn takeover of breakdown recovery group AA.
Germany-based financial services firm Allianz is considering a £5bn takeover of UK breakdown recovery group AA, alongside private equity firm EQT.
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AA was taken private by TowerBrook and Warburg Pincus in 2020 after being floated in 2014.
Germany-based financial services company Allianz is considering a £5bn takeover swoop for AA, the breakdown recovery group, Sky News has reported.
Allianz is one of a small number of parties holding talks with advisers to the AA about a deal, Sky News said, adding that the private equity outfit EQT was another bidder.
AA was founded by a group of motoring enthusiasts in 1905 and known in Britain for its yellow recovery vehicles. Its AA’s private equity owners have been pursuing a dual-track process for most of this year, with the alternative to a sale being a public listing on the London Stock Exchange.
Back in 2020, AA was taken private by its private equity investors TowerBrook and Warburg Pincus, having been floated on the stock market in 2014.
Both companies declined to comment.
The Financial Times reported last year that AA was considering a £5bn sale and was seeking buyers.

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