Consumer electronics giant negotiating a retainment of 'economic interest'

Kesa looks to keep partial post-sale share of Comet

Kesa is looking to retain a certain level of ‘economic interest’ as part of the sale of the Comet retail chain.

According to Retail Week, Kesa is currently in negotiations with private equity firms OpCapita and Hilco.

The deal, which is only being proposed in the talks with OpCapita, will mean that Kesa would be able to share in any benefits should the UK retailer be returned to profitability. Although details are unclear at this time, it’s speculated that the benefits could be in the form of equity.

Hilco has indicated that it intends to place entrepreneur and Dragons Den star Peter Jones as chairman of Comet in the event that it acquires the chain.

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