Allianz, the German insurance giant, is considering acquiring AA, a major British roadside assistance provider, with a bid valued at around £5 billion, or approximately $6.77 billion. EQT, a private equity fund manager, is also among the competing bidders. The private equity owners of AA are running a dual-track process to weigh a direct sale against a potential relisting on the London Stock Exchange. Founded in 1905, AA is known for its iconic yellow breakdown service vans. It listed on the London Stock Exchange in 2014 at 250 pence per share before being taken private by private equity groups.
Allianz SE VNA O.N.Allianz is considering a ~£5 billion acquisition bid for AA, an M&A move that would expand its business.
EQT Corporation
