AA price tag set at £1.5bn

Centrica, the owner of The AA, has confirmed that it is in early talks to sell the breakdown associa...

Centrica, the owner of The AA, has confirmed that it is in early talks to sell the breakdown association in a deal estimated at £1.5bn.

Centrica, which was once part of the state owned gas industry, now supplies electricity to residential and business customers as well as gas products and telecoms services. The company declined to comment on the identity of the potential bidders and said that a statement would be made in due course 'if appropriate'.

The firm purchased the AA in September 1999 for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: