Key facts
- Innovest, described as an Irish firm linked to Reform UK, re-entered the race to buy Poundland, according to the report.
- Poundland's owners are preparing for a showdown with MPs, the report said.
- The report named no price, no financing and no timetable for a transaction.
Innovest, an Irish firm that the report links to Reform UK, has re-entered the race to buy the UK discount retailer Poundland, according to the report. The report did not say when the firm rejoined the process, what it would pay or how a purchase would be financed.
The same report said Poundland's owners are preparing to face questions from MPs. It gave no date for that meeting and named no owner.
No party to the process confirmed the bid, and the report carried no statement from Innovest, from Poundland or from its owners.