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 £1.29bn, down from £1.35bn last year, with its property portfolio now worth £3.2bn. The retailer also announced that it had significantly reduced its pension deficit, from £211m to £28m. However, the group reported a fall in pretax profits to £396.6m, an 11 percent decline.