UK - Apax to sell Somerfield for up to £1.8bn
It is understood that Apax is considering a ТЃ1.8bn sale of supermarket portfolio company Somerfield after receiving several direct approaches for the business. Bristol-based Somerfield operates approximately 900 stores, primarily in town centres, which have been attracting attention from trade buyers Sainsbury's, Morrisons and Asda.
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