UK retail entrepreneur Philip Green has said he is still considering making a bid for UK supermarket chain Safeway, despite weekend media reports that his interest in Safeway had declined.

Trackdean, a company controlled by Green’s family, said it a statement that it was continuing to evaluate a possible offer for Safeway, reported Reuters.

According to a report in the Independent on Sunday, however, Green had looked at Safeway’s books and decided not to bid.

“I wouldn’t put any of my money into (Safeway)… and I wouldn’t put anyone else’s, not if I liked them,” he was quoted as saying by the paper.

The outcome of the government’s competition inquiry into the Safeway takeover battle is expected to be made known this week.