BENGALURU – Germany-based financial services company Allianz is considering a £5 billion (S$8.6 billion) takeover swoop for AA, the breakdown recovery group, Sky News reported on Aug 29.
AA, founded by a group of motoring enthusiasts in 1905 and known in Britain for its yellow recovery vehicles, was taken public on the London Stock Exchange (LSE) by its previous private equity owners in 2014 at £2.50 a share.
Allianz is one of a small number of parties which have been holding talks with advisers to the AA about a deal, Sky News said, adding that private equity firm EQT was another bidder.
The AA’s current private equity owners which took over the company in 2021 have been pursuing a so-called dual-track process for most of 2026, with the alternative to a sale being once more a public listing on the LSE, Sky News said.
Both companies declined to comment.
The Financial Times reported in 2025 that the British roadside recovery company was eyeing a £5 billion sale and was seeking buyers. REUTERS
