On January 25, 2021, AA Plc announced that the European Commission (EC) has unconditionally approved the agreedGBP-219-million (USD 299.6m/EUR 246.5m) acquisition of the Company by a consortium of US buyout firms Towerbrook Capital Partners and Warburg Pincus. The European Commission stated that the planned transaction does not pose threats to competition as the parties are not active in the same markets or in markets upstream or downstream of each other.