Acromas hits back at AA and Saga sale claims
Acromas Holdings has refuted claims that it plans to sell its AA roadside recovery and Saga insurance businesses, according to Bloomberg.
The Sunday Telegraph reported that the company had brought in Ernst & Young (E&Y) to carry out pre-sale due diligence for the AA, and that the accounting firm was now starting to work on Saga.
According to the newspaper, Acromas was considering a range of options, including a £4.5bn sale or float of the AA as a standalone company, in which case, Saga, worth between £3bn and £4bn, could be sold or floated on the UK stock market independently.
The company is also reportedly looking into the
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