RAC abandons London float in favour of private deal

Summarised from 2 outlets · Updated 22 Sept, 17:19

The RAC is scrapping plans for a London stock market listing, instead pursuing a private transaction.

Britain's oldest breakdown recovery service had been considering a multibillion pound listing but is now opting for a private deal. Private equity firm CVC Capital Partners is expected to remain a major investor while other shareholders will exit.

How it is being reported

• RAC slams brakes on blockbuster London IPOCity AM · 22 Sept, 17:07
• RAC shelves London float as owners opt for continuation vehicleSky News · 22 Sept, 15:03

In this story: RAC · CVC Capital Partners · London

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