May 4, 2018 / 6:49 AM / in 6 months

Cleveland Square raises stake in AA to 4.02 percent - filing

LONDON (Reuters) - Cleveland Square, an investment vehicle rule by private equity investor Gary Klesch, has raised its stake in British roadside recovery group and insurer AA (AAAA.L), a regulatory filing showed on Friday.

Cleveland has increased its stake to 4.02 percent from 3.01 percent.

A recent slump in AA’s share price has prompted speculation of takeover bids by private equity firms.

Reporting by Huw Jones, editing by Maiya Keidan

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