Mystery suitor for Save Group

Monday 22 June 1998 23:02 BST

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Mystery suitor for Save Group

A MYSTERY suitor is holding takeover talks with the Save Group, company chairman James Frost revealed yesterday. The stock shot up 20 per cent to 136.5p.

But speculation that the Kuwait Petroleum Corporation (KPC) was in the frame to buy Save's petrol stations was ruled out by the Kuwaitis.

Mr Frost, who personally holds a 4.5 per cent stake in Save, admits the talks are at an early stage but says they are serious. Save has been hit hard by a forecourt price war caused by competition from supermarkets.

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