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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (187159)8/12/2002 11:33:14 AM
From: reaper  Read Replies (1) of 436258
 
another brilliant decision by F management laid bare...

Ford to Sell Kwik-Fit at Significant Loss
biz.yahoo.com
Ford Motor Co. on Monday said it agreed to sell its Kwik-Fit vehicle repair business to a private equity group for less than a third of what Ford paid three years ago. The private equity group, London-based CVC Capital Partners, will purchase Kwik-Fit for $500 million in cash and a note to be paid as CVC obtained outside financing, Ford said in a press release.

Cheers
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