Three Bidders Circle Grocery Chain ; in Association with Rbs

The JournalJanuary 14, 2008

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Summary


THE Somerfield grocery chain could change hands for pounds 1.8bn after three bidders were reported to be interested in acquiring the business.

The Bristol-based group, which has around 900 stores with dozens dotted across the North-East, is said to have received three offers in recent weeks.

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Extract


Three Bidders Circle Grocery Chain ; in Association with Rbs

Somerfield is owned by a consortium including property tycoon Robert Tchen...

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