UK - Goldman Sachs eyes Kingfisher

Goldman Sachs Private Equity is considering a bid for DIY retailer Kingfisher following the firms announcement that it had cut its debt and revalued its property assets. Its debt now stands at ТЃ1.29bn, down from ТЃ1.35bn last year, with its property portfolio now worth ТЃ3.2bn. The retailer also announced that it had significantly reduced its pension deficit, from ТЃ211m to ТЃ28m. However, the group reported a fall in pretax profits to ТЃ396.6m, an 11 percent decline.