British Car Auctions is in talks about a possible £1bn-plus sale to investment consortium Haversham Holdings.
An announcement could be made as soon as today, although people with knowledge of the matter said nothing had been signed as yet.
The move would see BCA reverse into Haversham, gaining a stock market listing as a result. BCA’s owner Clayton Dubilier & Rice – which looked to float the company last year – will get a 10% stake in Haversham as part of the deal.
