Articles - Aviva to sell RAC for £1 billion


     
  •   Aviva to sell RAC to The Carlyle Group for £1.0 billion
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  •   Price represents 17 times 2010 net earnings
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  •   The sale is consistent with Aviva's strategic focus on insurance and savings businesses in its priority markets

 Aviva plc ("Aviva") announces that it has agreed to sell RAC Limited ("RAC"), the second largest UK roadside assistance provider, to The Carlyle Group ("Carlyle") for £1.0 billion*.

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