UPDATE 1-UK's Kwik Fit names adviser to consider IPO, sale

Newswire

(Adds details throughout) By Steve Slater and Alistair MacDonald LONDON, Feb 23 (Reuters) - British car tyre and exhaust business Kwik-Fit moved closer on Wednesday to a possible listing that could value it at 1 billion pounds ($1.9 billion) as its private equity owners appointed Deutsche Bank to advise on strategic options. Kwik-Fit is expected to be valued at over 700 million pounds and could attract an enterprise value of near 1 billion pounds, according to reports. If private ...

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