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Cinven lines up Citigroup for Wyevale takeover

Citigroup has been appointed by Cinven to advise the buy-out firm on its proposed £325m (€473.5m) takeover of Wyevale Garden Centres of the UK.

A source close to the deal told Financial News that Gnome Acquisitions, a takeover vehicle set up by Cinven to examine a bid, is likely to table a formal offer for Wyveale within the next few days.

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