Activist investor Knight Vinke has said it has no objection to Kesa selling its UK electrical chain Comet.

In a statement following press reports at the weekend, Knight Vinke - which has a 19.3% stake in Comet - said it would not object to a sale “subject to Kesa obtaining an acceptable price and the process not being drawn out beyond the two to three months that the board has indicated it will take to sell the business.”

Weekend press reports said that Knight Vinke had urged Kesa to drop the sale because it feared the company could only sell Comet at a huge loss.

Knight Vinke has said it would not support any plan to close down or liquidate Comet if there were other alternatives, and has also set out an alternative turnaround plan for Comet should a sale not be achieved.