Fleet News

EU clears sale of AA despite concern

THE purchase of Britain's Automobile Association (AA) by two financial groups has been cleared by the European Commission, despite competition concerns regarding Kwik-Fit and Halfords.

New AA co-owner CVC Capital Partners, of Luxembourg, owns Kwik-Fit and Brussels is concerned it - like the AA - provides breakdown services. But, following an inquiry, the commission concluded Kwik-Fit's market share was too small for the deal to damage consumer choice.

It had similar concerns about CVC part- owned Halfords. It and the AA provide vehicle data check services in Britain, but again Brussels concluded combined market shares were small. The other new AA co-owner is UK equity fund Permira Europe III.

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