SENIOR executives at RAC are set to share a windfall of up to £300m if the breakdown recovery service decides to push ahead with its expected float next month.
Plans to list on the
RAC chief executive
Carlyle began weighing its options for RAC earlier this year and appointed investment bank
Templeman is expected to step down before the firm is floated, with CBI president Sir
Rake, who ruled himself out of the role of chairman at
"We are considering all options and a listing is the preferred route. However, no decision has been made," said an RAC spokesperson.
Rival breakdown recovery group AA has seen success since it floated in June with its shares rising nearly 15 per cent pushing the group to a market capitalisation of around £1.4bn.
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