Friday June 5, 2020

Carlyle Cardinal to buy AA Ireland for €157 million

AA Ireland will have ongoing use of the AA brand

30th June, 2016
AA Ireland has been sold for 157 million Pic: Courtesy of RTÉ

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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