German insurer Allianz is exploring a £5 billion acquisition of AA, the roadside assistance specialist, according to Sky News. The report says Allianz is among a handful of suitors in discussions with AA’s advisers, and that private‑equity firm EQT is also in the frame.
Founded in 1905 by motoring enthusiasts, AA is recognised across the UK for its iconic yellow recovery vans. Its private‑equity owners have run a dual‑track strategy for most of the year, weighing a sale against a potential listing on the London Stock Exchange.
AA was privatised in 2020 by TowerBrook and Warburg Pincus after its 2014 initial public offering. Both companies have declined to comment on the speculation.
The Financial Times reported in the previous year that AA was evaluating a £5 billion sale and was actively seeking purchasers.
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