AA DEAL
August 1st, 2004
BY KEITH NUTHALLTHE PURCHASE of Britain's Automobile Association (AA) by two financial groups has been cleared by the European Commission, despite competition concerns regarding Kwik-Fit and Halfords. New AA co-owner CVC Capital Partners, of Luxembourg, owns Kwik-Fit and Brussels is concerned it - like the AA - provides breakdown services. But, following an inquiry, the Commission concluded Kwik-Fit's market share is too small for the deal to damage consumer choice. It had similar concerns about CVC-part owned Halfords. It and the AA provide vehicle data check ...
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