UPDATE 2-CVC to sell Kwik-Fit tyre shops for 800 mln stg


(Adds source quote, details throughout) LONDON, June 24 (Reuters) - Private equity group CVC said on Friday it agreed to sell its British tyre and exhaust business Kwik-Fit to a division of European private equity firm PAI for 800 million pounds ($1.5 billion) including debt. Kwik-Fit is Europe's biggest independent auto parts, repair and replacement specialist, with over 1,900 outlets, including Speedy in France and Pit Stop in Germany. PAI, which is buying Kwik-Fit through its Speedy ...

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