Kwik-Fit sale hit by 3.4 mln stg gap in books-FT

Newswire

LONDON, June 28 (Reuters) - Accounting irregularities have been discovered at Kwik-Fit, the vehicle repair business sold to Ford Motor Co. of the United States for one billion pounds ($1.5 billion) three years ago and now up for sale again, the Financial Times reported on Friday. The news is likely to delay Ford's plans to sell the business, and will further depress its price, people close to the deal told Reuters. Ford had hoped to get at least 800 million pounds but potential bidders ...

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