Starting gun fired on Iceland Foods takeover
Asda and Morrisons could emerge as rival bidders for UK frozen-food retailer Iceland Foods, according to a leading retail analyst.
Failed Icelandic bank Landsbanki is to formally kick off the sale of its majority stake in Iceland Foods, the UK frozen food retailer.
The head of The Co-operative Group's property division has said the UK grocer is "in talks" to acquire a number of smaller retailers as part of aggressive growth plans.
Sainsbury's could be in the running for part of the Iceland Foods business when the UK frozen food retailer goes up for sale.