Halfords set for summer flotation

Car accessories retailer Halfords said today it was planning a summer flotation valuing the business at £847m (€1.2bn).

The group and its private equity backer CVC said the group would seek a stock market listing with an indicative price range of 250p to 300p per share, valuing the group’s equity at £626.8m (€927m). It has debts of £220m (€325m).