Kwik-Fit may sell Irish tyre stores to Bridgestone

CVC Capital partners, owner of the Kwik-Fit vehicle repair company, is reportedly negotiating the sale of Kwik-Fit's Irish unit. Bridgestone Corp. is reported to be carrying out a due diligence study of the Dublin-based unit, according to the Irish Independent newspaper. Kwik-Fit is expected to seek a stock market flotation, but the Irish outlets are not expected to be part of the deal, and staff at Kwik-Fit Ireland's Dublin headquarters have been told that the company will be sold, according to the report.

A spokesman for Bridgestone told ERJ that the company does not comment on press speculation, and declined to either confirm or deny the story.

This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.

Irish Independent website (Free registration required)

On Business (Ireland) summary of Irish Independent article