Somerfield stores are back up for grabs

Somerfield stores are back up for grabs

The sale of 107 Somerfield stores, purchased last month by the Co-operative Group, is being handled by Credit Suisse which has requested that potential bidders offer up proposals before 22 August.

A Co-op spokesman declined to comment on the detail but said: "We have written to a number of parties seeking expressions of interest." The Co-op is looking to work with the Office of Fair Trading to resolve competition issues.

 It has been suggested that the supermarket groups Asda, J Sainsbury and Wm Morrison could be interested in buying the 107 outlets. Asda, owned by WalMart, and J Sainsburys, are also believed to have considered bidding for some of the outlets.

Related article:
Coop agrees to buy Somerfield

Published 13-08-2008 (16:27) by Karen Willoughby

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