| 2.8°C Dublin

€1.7bn-valued AA races toward IPO

The AA will be valued at £1.4bn (€1.7bn) in an upcoming IPO. The private-equity owners of UK-based roadside-assistance provider AA are selling the company to an investor group as part of the initial public offering.

AA is owned by a consortium of Charterhouse Capital Partners, CVC Capital Partners and Permira Advisers, and is being sold to a group that includes Bob Mackenzie, former chairman of National Car Parks, and AA management, according to a statement.

Their investors include GLG Partners, Invesco Corp and Henderson Group Plc, the company said.

AA's sale comprises 554 million new shares and existing shares are offered at 250 pence apiece.

Business Newsletter

Read the leading stories from the world of business.

This field is required


Most Watched





Privacy