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Insurance giant Aviva puts RAC up for sale

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The RAC has been put up for sale by parent company Aviva as it disposes a number of 'non-core businesses'.

According to a report in the Financial Times, the organisation should be easy to sell, with private equity businesses expected to be interested.

It is reported that bankers estimate the RAC to be worth £500m-£600m, about half the amount Aviva paid for the business in 2005.

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