CVC Capital Partners has sold 50% of its holding in Halfords, the UK car parts and accessories retailer. The sales, underwritten by Merrill Lynch and Citigroup, raised about £136m (€196m) through the sale of 46 million shares at 295p each.

Halfords was floated at 260p and closed last night at 304p

Victor Kremer

Citigroup

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CVC sells Halfords stake

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