Maplin up for sale at up to £200m

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High-street electronics retailer Maplin has been put up for sale with a price tag of up to £200m.

Owner Montagu Private Equity is understood to have hired accountants PwC to handle the sale, which comes after a number of potential bidders have approached the buyout firm to snap up the 214-strong chain.

It is thought the business could fetch between £100m and £200m. Montagu is bucking the wider trend for retailers to list on the stock market.