Hardware and homewares retailer Robert Dyas has denied reports that Little Chef owner R Capital is among potential buyers for the business.
Weekend reports had said R Capital was eyeing Robert Dyas.
However a Robert Dyas spokesman said: “R Capital is not part of any sale process, a point that has been confirmed with the company’s advisers and shareholders as well as with R Capital itself.”
The spokesman added: “The sale process is progressing well, with strong interest being expressed from the UK and overseas.”
Robert Dyas has been up for sale since last year and is valued at around £25m. Cavendish Corporate Finance is running the process.
It is expected to enter exclusivity with a buyer next month and Dyas could be sold by early June.
The retailer posted like-for-like sales up 3.8% in the year to March 31 2012.