Carpetright agrees £15m sale to main investor Meditor

Hedge fund, which owns 30% of shares and £40m debt, to take full control of stricken retailer

Carpetright has agreed a cut-price £15m sale to its biggest shareholder, saying its new owner would help it complete a turnaround plan in a “very challenging consumer market”.

Meditor, a British hedge fund headed by former Old Mutual banker and poker player Talal Shakerchi, is to take full control of Carpetright after buying nearly 30% of the company’s shares and more than £40m of its debts last year.

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