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Kwik-Fit Sale Draws To A Close

Author: Tyrepress Editors Comments: 0

The Ford divestment sale of Kwik-Fit is drawing to a close with apparently only one potential buyer left in the running. CVC Capital Partners, a private equity firm, seems close to buying the fast fit group from Ford for 300 million pounds. Ford is said to be retaining a share in the business that it may use to recoup some losses in the event of the market improving.

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