Carlyle Cardinal to buy AA Ireland for €157 million
AA Ireland will have ongoing use of the AA brand
Under the terms of the deal, which is expected to close in late July, AA Ireland will have ongoing use of the AA brand. The acquisition is subject to approval from the Competition and Consumer Protection Commission and the Central Bank of Ireland.
AA intends to use the net cash proceeds for partial repayment of its debt. The business will continue to be run by the current management team, who have invested in the company,...
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