Allianz Eyes £5 Billion AA Takeover

Sky News reports Germany's Allianz may bid roughly £5bn for AA, the British roadside recovery firm. Private equity owners TowerBrook and Warburg Pincus have pursued a dual-track sale-or-IPO process since taking AA private in 2020. Rival bidder EQT is also in talks. Allianz and AA declined to comment.