Acromas claims anti-PE bias amid reported loss
Acromas Holdings, the parent group of insurance providers AA and Saga, has claimed "scaremongering" against private equity houses has seen the ongoing performance of the business masked by a £529m overall loss, caused by interest repayments.
The group, formed from a merger of Saga and the AA in September 2007, recorded an operating profit of £183.5m (2009: £191.5m) for the year ending January 2010, marking an increase of 6.6%. However
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