Financial Times FT.com

Matalan weighs £1.5bn sale

By Andrea Felsted, Retail Correspondent

Published: October 25 2009 19:14 | Last updated: October 25 2009 19:14

Matalan, the privately owned discount retailer, is weighing a £1.5bn sale after a number of expressions of interest.

Private equity group CVC is among the parties that has approached Matalan, which was taken private by its founder and controlling shareholder John Hargreaves amid acrimony with institutional investors and non-executive directors three years ago.

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