Reuters - AA Owners Hire Ernst & Young to Value Business

The owners of the AA have hired accountants Ernst & Young to begin work on valuing the 107-year-old motoring services company, writes Reuters. The process could see the AA eventually sold or floated on the stock market for as much as 5 billion pounds ($8.1 billion), writes Reuters. Acromas is backed by Charterhouse, CVC and Permira and was formed in 2007 through a 6.1 billion pound merger of AA and Saga.

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