Autobacs Seven Buys 5 % Stake in Halfords

LONDON, UK (Dec 13) – Autobacs Seven Co Ltd, Japan’s largest car accessories retailer, has purchased a 5 pct stake in Halfords Group PLC, the UK car parts and cycle retailer. Autobacs said it acquired the holding, some 11.4 mln shares, to ‘further develop’ the two companies’ collaboration agreement that was signed in July. Yesterday