Safeway suitors line up

Holders of Safeway bonds are waiting with bated breath for further developments in the increasingly frenzied bidding war to buy the company. Who will have the edge in the forthcoming scramble?


The bidding stampede for the UK’s fourth largest supermarket operator opened with an all-share offer of around £2.5 billion from Safeway’s smaller rival William Morrison.

Since then, five other interested parties have joined the fray: Asda, owned by the world’s largest retailer Wal-Mart; Tesco, the UK’s leading retailer; Sainsbury’s, second in the UK retail market; Kohlberg Kravis Roberts (KKR), a US buyout specialist; and Philip Green, the billionaire owner of high-street giant Bhs. UK retailer

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here