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Aviva - Sale of RAC
Slaughter and May is advising Aviva on the sale of RAC to The Carlyle Group for £1.0 billion. RAC is the UK's second largest roadside assistance provider.
The sale, which was announced on 23 June 2011, supports Aviva's strategy to focus on insurance and savings businesses in its priority markets and is conditional upon regulatory approvals.
Contacts
Richard Smith (partner), Robert Innes (associate), Victoria MacDuff (associate), Anna Ngo (associate), Lindsey Singer (associate); Tax: Steve Edge (partner), Owen Williams (associate); IP/IT: Robert Sumroy (partner), Charith Saranapala (associate); Pensions and Employment: Jonathan Fenn (partner), Naeem Noor (associate); Financing: Miranda Leung (partner), Andrew Chaplin (associate); Financial Regulation: Jan Putnis (partner), Nick Bonsall (associate); Commercial Real Estate and Environment: David Waterfield (partner), Ed Keeble (partner), Marie Mulligan (associate), Roopa Modi (associate); Competition: Philippe Chappatte (partner), Michelle Rosswick (associate)
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