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,...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team