EU clears CVC, Permira to buy joint control of AA

Newswire

BRUSSELS, Aug 27 (Reuters) - Private equity firms CVC and Permira won permisson from the European Commission on Friday to acquire joint control of Britain's Automobile Association (AA), the European Union's executive said on Friday. "The Commission found that this transaction will not lead to any competition problems, although CVC, through one of its portfolio companies, also sells insurance policies for breakdown and roadside assistance," the Commission said in a statement. The AA is ...

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