HIGH street electronics retailer Maplin, which has stores across Hampshire and the Isle of Wight, has been put up for sale with a price tag of up to £200m.

Its owner Montagu Private Equity is understood to have hired accountants PricewaterhouseCoopers to handle the sale, which comes after a number of potential bidders have approached the buyout firm to snap up the 214-strong chain.

The company has stores in Bevois Valley Road and East Bargate in Southampton, Christchurch and Newport on the Isle of Wight. It is thought the business could fetch between £100m and £200m.