Board poised to approve deal
MFI Furniture Group has said it remains in advanced talks with Merchant Equity Partners regarding the possible disposal of its retail chain.

The company said: 'There is not yet certainty as to the final terms or timing of any transaction. However, discussions are at an advanced stage and a further statement will be made when appropriate'. The statement issued this morning was in response to reports suggesting that the long-awaited sale is close to being finalised.

According to the Financial Times, the board of MFI is poised to approve the sale in a deal that would see the chain pay its acquirer a dowry of around£100 million.

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