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AA confirms preliminary talks with Hastings

12 September 2017 08:22

AA has noted press speculation on a potential transaction with Hastings and confirmed that preliminary discussions were held.

A statement said: "The AA regularly reviews all strategic options, including whether a spin-off of any of its business lines would unlock further value and be in its shareholders' interests.

"We confirm that we did have preliminary discussions with Hastings in early summer to explore a possible combination of the AA's insurance business with Hastings."

At 8:22am: (LON:AA.) AA Plc share price was +3.05p at 165.85p

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