Source: Sharecast
According to Sky News, a pack of bidders has expressed interest in acquiring the AA in recent weeks as the breakdown recovery service's owners explore a potential exit.
The process is at an early stage, and comes amid warnings of impending fuel shortages for motorists as the war in Iran threatens to squeeze supplies to British retailers.
Banking sources told Sky that a number of financial investors were interested in a deal to buy the AA, with rival service the RAC currently pursuing a London stock market listing.
The AA has about 16 million customers, including close to 3.5 million members.
Sky News revealed last year that Towerbrook Capital Partners, Warburg Pincus and Stonepeak, which collectively own the AA, had appointed JP Morgan and Rothschild to review the AA's strategic options.
Stonepeak invested £450m into the company in a combination of common and preferred equity, in a transaction which completed in July 2024. That deal was undertaken at an enterprise valuation - comprising the AA's equity and debt - of about £4bn, the shareholders said at the time.