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AA and Saga set to part ways

24 Sep 2012 12:00 AM | Anonymous

AA and Saga look to split after their owners Acromas prepares for a future break-up.

The move comes as Acromas, worth £9 billion, brings in accountants to assess the future of the business. A division of AA and Saga would see the end of a £6.7 billion merger completed in 2007.

Insiders speaking to the Independent pointed to accountancy firm Ernst & Young as being involved in the planned split, however Acromas downplayed talk, saying: "There are no current plans to either sell part of or float the business. We remain focused on delivering excellent service for the customers of both AA and Saga."

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