The Express reports that Aviva has put struggling motor rescue company, RAC, up for sale.
Top of the list of bidders is private equity firm Clayton, Dubilier, and Rice – they bought car auction firm BCA last year and also hold a stake in Hertz car rentals. Apparently, Carlyle – also a stakeholder in Hertz – is also in the race.
EDIT 24/6/2011: And Carlyle has won after paying £1bn, according to Sky.
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