The merger by the private equity funds
Although both companies are active in the UK automotive services sector, the Commission felt that the level of Saga’s involvement would not raise competition issues.
However in the current market Saga’s agreed merger with the AA could be delayed due to difficulties syndicating the debt financing for the deal.
It is believed that
The AA provides breakdown rescue for motorists as well as auto-related financial services whilst Saga provides services for the over 50s, including insurance, holidays, financial services and health information.