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Herbert Smith acted for Automobile Association (AA) on its £1.1bn sale to GB Gas Holdings, a wholly-owned subsidiary of Centrica, which closed last week. The proceeds were divided between the AA’s 4.6 million eligible members. Corporate partner Stephen Hancock led the team. Linklaters & Alliance, led by corporate partner Derek McMenamin, advised Centrica. Wilde Sapte, led by senior partner Mark Andrews, advised the AA’s individual liquidators. Norton Rose, led by senior partner David Lewis, advised individual committee members in their personal capacity.

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