AA to launch IPO in 2014, according to reports

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The AA is planning an IPO, valued at £4bn, according to reports.

The International Business Times reported that the company’s parent group, Acromas Holdings, is to announce the IPO “imminently”.

According to a source, ten institutional investors have been lined up to buy “large stakes” in the group.

These include Aviva Investors, Blackrock, JP Morgan Asset Management and Legal & General Investment Management.

The article further revealed that Bob MacKenzie, former Green Flag boss, is tipped to

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