The vehicle breakdown services division of the RAC is seen to be ripe for takeover after Cendant withdrew its £450 million offer. The deal fell through when the Monopolies and Mergers Commission said Cendant could only proceed if it sold Green Flag. A spokesman for Centrica said on Monday: 'We are obviously looking at all sorts of operations. But it's very early days and we're not saying anything officially.'
Venture capital groups, including Cinven, the Prudential's PPM Ventures arm and Schroder Ventures are also understood to be interested in bidding for RAC Motoring Services. A final decision is expected to be made in May.