24th May 2016 06:31
LONDON (Alliance News) - AA PLC, the FTSE 250 motoring organisation founded 111 years ago in London, on Tuesday said it is looking at options for its Irish business, which provides insurance and breakdown cover.
"The AA notes the recent press speculation regarding the potential disposal of its Irish business. The AA confirms it is exploring options in regards to its Irish business and a further announcement will be made if and when appropriate," the company said in a statement.
AA Ireland contributed 4% of AA's group revenue and 3% of group trading earnings before interest, taxation, depreciation and amortisation in the financial year ended January 31. It is one of Ireland's leading consumer services businesses, providing insurance and breakdown cover, with 128,000 personal members and 185,000 insurance policies.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
AA..L