Interflora set for second takeover

Interflora today looked set to change hands for a second time in 18 months after management backed its sale to a US-based trading partner for £65.7m (€94.7m).

Investment group 3i, which is selling the business to floral services group FTD, bought a 65% stake in Interflora for £21.7m (€31.3m) in January 2005.