London and Regional Properties (L&R) has announced that it has decided not to proceed with an offer for UK supermarket group Somerfield.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


L&R said it reserves the right to make an offer with the agreement or recommendation of the Somerfield board, or if the consortium consisting of Apax Partners, Barclays Capital and the Tchenguiz Family Trust or a third party announces an offer for Somerfield.


L&R’s withdrawal leaves the Apax, Barclays Capital and Tchenguiz consortium as the only party left in the process. The Takeover Panel has set a deadline of 14 October for takeover offers.


Icelandic retail group Baugur kickstarted the takeover battle in March with a £1.04bn (US$1.84bn) approach but has since withdrawn from the process.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now