CVC Capital and rumoured takeover target Morrisons have maintained a stony silence on reports that the private equity group is preparing to launch a bid for the UK retailer.
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According to reports, CVC has been in contact with Goldman Sachs as it prepares a takeover bid for Morrisons.
When contacted by just-food today (14 May) CVC declined to confirm its interest in the supermarket group.
Boasting an extensive property portfolio, the UK’s fourth-largest retailer has caught the attention of private equity investors, sparking weeks of speculation that a buyout move could be on the cards.
A spokesperson for Morrisons said that the company had not received a formal approach. The company declined to comment further on what it termed “market rumours and speculation”.
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By GlobalDataMorrisons shares were up 2.5% at 2.30pm (GMT), rising to 330.25 pence on the back of the takeover talk.
