AA faces £5bn takeover move by German insurer Allianz, reports claim

What happened

Breakdown recovery group’s private equity owners reportedly in talks with various suitors to sell company 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 ano…

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