The owners of the AA are exploring the sale of a large stake in the breakdown recovery service two years after taking it private
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A transaction could involve them offloading a stake to a third-party investor, resulting in the three shareholders owning the company equally. It struggled for years under an enormous debt pile, and eventually agreed to be bought by Towerbrook and Warburg Pincus in a deal which valued its equity at less than £250m.
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