US buyout firm Kohlberg Kravis Roberts & Co (KKR) has confirmed that it does not intend to make an offer for UK supermarket chain Safeway.
Go deeper with GlobalData
KKR said it was making the announcement following the posting to Safeway shareholders of documentation relating to the proposed acquisition of Safeway by Morrisons via a scheme of arrangement.
KKR said it will not make or participate in an offer for Safeway during the next six months, but added that it reserves the right to do so within that period if the Morrison offer for Safeway lapses or is withdrawn.
KKR said in January last year that it was interested in making an offer for Safeway, but one month later it said it had decided not to pursue the plans, and added that it would continue to monitor the situation and keep its position under review.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
