login
login

Europe Daily Bulletin No. 8740

3 July 2004
Contents Publication in full By article 47 / 55
ECONOMIC INTERPENETRATION / (eu) gas

British gas distributor CENTRICA has sold AA- AUTOMOBILE ASSOCIATION, Britain's largest roadside assistance group, to the investment fund CVC CAPITAL PARTNERS and PERMIRA for 1.75 billion pounds sterling. Since CENTRICA acquired AA in 1999, the subsidiary's operating profits have increased from 6 million to 93 million pounds sterling, and the number of customers from 9.5 to 15 million.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION