AA could face £5bn takeover move by German insurer Allianz, reports claim

Breakdown recovery group’s private equity owners reportedly in talks with various suitors to sell company

Germany-based financial services company ⁠Allianz is considering a £5bn takeover swoop for AA, ⁠the breakdown ⁠recovery ​group, Sky News has reported.

Allianz is ‌one of a small number of parties holding talks with advisers to the AA about a deal, Sky News said, adding that ‌the private equity outfit EQT was another bidder.