Kesa Sells Comet for $3

Kesa, Europe's third-biggest electrical goods retailer, has become the second firm to announce a withdrawal from the cut-throat British market this week, agreeing to sell its loss-making British chain Comet for just 2 pounds ($3.20), Reuters reported. Hailey Holdings Ltd. and Hailey Acquisitions Ltd., entities advised by private equity firm OpCapita, are buying Comet.

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