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Ford Will Sell Kwik-Fit

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Goldman Sachs has been appointed to handle the sale of Ford’s Kwik-Fit Group as part of a move to concentrate efforts on core vehicle manufacturing businesses. The sale is expected to raise over one billion pounds (1.63 billion Euro).

Ford bought the company from Chairman Sir Tom Farmer for 1.6 billion pounds (2.61 billion Euro) in 1999.

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