AA shareholders rev up sale of stake in £2.5bn roadside recovery group

The owners of the AA are exploring the sale of a large stake in the breakdown recovery service two years after taking it private

.

A transaction could involve them offloading a stake to a third-party investor, resulting in the three shareholders owning the company equally. It struggled for years under an enormous debt pile, and eventually agreed to be bought by Towerbrook and Warburg Pincus in a deal which valued its equity at less than £250m.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNews /  🏆 35. in UK

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Khartoum has exploded into open warfareTwo rival Sudanese armies are fighting for control of the capital—and the country
Read more »

At Least 26 Killed as Sudan's Army and Rival Force ClashSudan’s military and a powerful paramilitary force have engaged in fierce fighting in the capital and elsewhere in country.
Read more »

Fire crews race to Edinburgh flat blaze as two rushed to hospital for treatmentEmergency services were called to Trafalgar Street in the north of the capital after the alarm was raised at around 1.30pm on Sunday.
Read more »