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UK - CVC could bid for £1.5bn Matalan

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UK discount retailer Matalan is formally on the block, with CVC Capital Partners rumoured to be interested in making a bid for the business, which could have an asking price of around ТЃ1.5bn.

Matalan founder John Hargreaves has received "a number of unsolicited bids", a source close to the deal said. Hargreaves, who took the company private in 2006 in a £827m deal, is said to be pushing for the high price tag, which analysts believe could be a potential stumbling block to any potential deal.
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