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RAC dismisses 'for sale' claim

Date: 08 July 2008

Breakdown and motoring services business RAC has denied national newspaper reports that it is for sale.

RAC, owned by Norwich Union under the Aviva banner, maintains that it is "undertaking a strategic review of its business" but added that reports in the Independent newspaper at the weekend claiming a private equity firm was looking to buy the business were "pure speculation".

The news comes after BusinessCar exclusively revealed RAC Accident Services was dumping 60% of its least profitable customers and cutting staff.

The claim also precedes the publishing of the 20th annual RAC Report on Motoring. The report this year claims that one of the biggest changes in the past 20 years of motoring is an increase in road rage.

The report reveals that 33% of business car drivers have been a victim of driving behaviour that has left them feeling physically threatened.