AA Plc is considering £218 million takeover bid from TowerBrook and Warburg Pincus. | UK |

AA Plc has received a non-binding takeover proposal from TowerBrook Capital Partners (U.K.) LLP and Warburg Pincus International LLC. The ailing motoring group has indicated that it would be taken back into private equity ownership by accepting the £218 million takeover proposal.

JD Sports in exclusive talks to acquire Debenhams JD Sports is reportedly in exclusive talks with British department store chain Debenhams over a rescue takeover deal. The company is said to have entered a discussion with Lazard, Debenhams’ adviser, and administrators at insolvency firm FRP Advisory.

* Aviva to sell entire stake in Aviva Vita to UBI Ban Aviva has agreed to sell its entire 80 percent shareholding in the Italian life insurance joint venture Aviva Vita to its minority partner UBI Banca for €400 million. CEO Amanda Blanc has said that the sale of Aviva Vita is an important step forward as the company reshapes its portfolio.

 


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