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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/aa-moves-to-buy-driving-school-bsm.jpg"><img class="alignnone size-full" title="The British School of Motoring (BSM), the UK's largest driving school, has been sold to motoring giant The AA" src="http://londonglossy.com/wp-content/uploads/2011/01/min-aa-moves-to-buy-driving-school-bsm.jpg" alt="The British School of Motoring (BSM), the UK's largest driving school, has been sold to motoring giant The AA"/></a></p>
<p>The British School of Motoring (BSM), the UK&#8217;s largest driving school, has been sold to motoring giant The AA, which bought it out of administration.</p>
<p>Administrator PricewaterhouseCoopers (PwC) said the move would preserve the 100-year-old BSM brand, safeguard 2,400 jobs and allow 30,000 customers to carry on taking their lessons.</p>
<p>The driving school has struggled since a £10 million management buyout in November 2009 led by joint managing directors Abu-Haris Shafi and Nikolai Kesting, the Mail on Sunday said.</p>
<p>Matthew Hammond, joint administrator and partner at PwC, said: &#8220;We are very pleased to have been able to complete a sale of the BSM business.</p>
<p>&#8220;The sale preserves the BSM brand and its 100-year history, and secures the immediate transfer of employees, driver franchisees, trainees and student drivers to a large, stable and successful company.</p>
<p>&#8220;The sale benefits instructors, students and employees and we are delighted to have achieved this.&#8221;</p>
<p>BSM is understood to have appointed PwC to advise it on a sale before it was bought immediately after entering administration.</p>
<p>The AA was being lined up as a buyer and is likely to have paid only a nominal sum for the business, according to the newspaper.</p>
<p>BSM has 2,100 franchised driving instructors across the UK, 135 employees at the head office in Bristol and a further 145 employees at 71 network centres across the UK.</p>
<p>Its operations will continue without interruption and its employees will transfer over to the new company.</p>
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