UK - B&Q in the sights of private equity
The home improvement chain B&Q may be the next large listed asset lined up for a private equity bid, according to market sources. Owner Kingfisher saw its shares rise 5% this morning, one of the few gainers on the FTSE 100, along with Sainsbury's, which is understood to have received draft takeover plans from the private equity consortium currently looking at its books.
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