Boots to sell Halfords to CVC for 350 mln stg-FT

Newswire

LONDON, July 25 (Reuters) - Britain's leading health and beauty retailer Boots Co Plc. is on Thursday expected to announce the sale of its Halfords car parts and bicycle store chain to private equity group CVC Europe for over 350 million pounds ($550 million), the Financial Times reported. The price is about 50 million pounds-100 million pounds lower than the high street retailer had hoped, reflecting a near-28 percent fall in the FTSE All-Share index since it announced plans to "demerge" ...

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