RAC Mulls $6.71 Billion London IPO, Bloomberg Says, Citing Sources
Dow Jones03-24
--U.K. auto breakdown and recovery firm RAC Group has held talks with fund managers over a possible 5 billion-pound ($6.71 billion) initial public offering in London, Bloomberg reports, citing unnamed sources.
--The company--which is backed by private equity groups CVC Capital Partners and Silver Lake--could float this year, but no final decision on the offering or timing has been made, Bloomberg says.
--Representatives for RAC, CVC and Silver Lake declined to comment to Bloomberg.
Full story: https://tinyurl.com/be4emyj7
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
March 24, 2026 10:03 ET (14:03 GMT)
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