AA Owners Lining Up Banks to Lead Sale or Listing, Sky Reports
Vans used by AA Mobile Mechanics outside the AA office in Birmingham.
Photographer: Jose Sarmento Matos/Bloomberg
The owners of UK breakdown recovery service AA Ltd are seeking banks to lead a sale or listing of the business next year, Sky News reported on Saturday.
JPMorgan Chase & Co. and Rothschild & Co. are the top contenders to be appointed for a review of the business, which may be valued at more than £4 billion ($5.4 billion), according to the report.