The AA has confirmed that it has been in preliminary talks with Hastings about a possible combination of the firms’ insurance businesses.
However, a separate statement from Hastings noted that the talks had already ceased.
The statement from the AA read: “The AA regularly reviews all strategic options, including whether a spin-off of any of its business lines would unlock further value and be in its shareholders’ interests.
“We confirm that we did have preliminary discussions with Hastings in
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