Homes and Property | Home Page

Bidder No 4 in move for Safeway

The £3 billion scramble to buy the Safeway supermarket chain intensified today as a fourth bidder said it was considering making an offer.

Kohlberg Kravis Roberts, the aggressive American investment group which owned Safeway in the mid-Eighties, confirmed it was a contender.

A friendly bid last week from Northern grocery chain Morrison sparked a frenzy of interest, with both Sainsbury and Asda, which is owned by US Wal-Mart group, expressing a formal interest. The battle has triggered monopolies concerns.

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Sign up you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy notice .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in

MORE ABOUT

Investment
Safeway
Sainsbury (j)
SAndp500 Consumer Staples
Supermarkets
Wal-Mart