The
AA plan to sell or float in the next 12 months. 28th November 2006
CVC Capital Partners and Permira the owners of the AA, the UK's largest motoring organisation, have anounced plans this week to either sell the 100+ year old company or float it on the
London stock market, according to reports. They have engaged Pricewaterhouse Coopers to advise then on finding a potential buyer or investor or alternatively aid them with a £3 billion float.
It's been reported that they have several interested parties with strong bids. The current owner acquired the company from energy company Centrica just over two years ago for £1.75 billion.
As well as offering it's main services of vehicle breakdown cover to its 15 million members, The AA now offers a range of other services, a credit card, car loans and insurance products such as car insurance, van insurance and bike insurance.
HPI wins contract to suppy General Motors with vehicle checks. 20th November 2006
HPI have been named as the supplier of vehicle checks for General Motors' 500+ car dealers throughout the UK. The General Motors network of approved dealerships includes Vauxhall Network Q, Saab and Chevrolet outlets.
The HPI package includes HPI Checks, Mileage Checks using the National Mileage Register (NMR), a warranty and the latest offering from HPI - electronic certification,
this gives dealers an instant confirmation from the HPI Check results.
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