Carlyle Buys RAC business from Aviva for $1.6B

Carlyle is paying 1 billion pounds ($1.6 billion) to buy the RAC roadside rescue business from Aviva, Reuters reported. Aviva said it expected to make an accounting profit of 600 million pounds from the sale. The added funds will help Aviva bolster its balance sheet as it continues to tighten focus to its main insurance and savings operations, Reuters said.

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