Motoring organisation the AA is at the centre of talks that could lead to the business being sold by British Gas owner Centrica, it emerged today.
A statement from Centrica confirmed its involvement in "preliminary discussions regarding the potential sale of the AA", but it did not provide any further details.
The announcement comes a day after a report said chief executive Sir Roy Gardner no longer viewed the breakdown and financial services operation as a core element of Centrica's long-term strategy.
It is thought the AA could fetch more than £1.5 billion - six years after Centrica paid £1.1 billion for it.
Monday June 21, 2004
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article