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

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

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