Supermarket group owner Sir Ken Morrison has spoken out aboutSainsbury's plans to bid for Safeway, already the subject of anoffer from his own chain, Morrisons.
He said that if Sainsbury's went ahead with its proposed GBP3.2billion bid for Safeway, unveiled yesterday, it would lead to lessconsumer choice.
Morrisons last week bid GBP2.9 billion for the company.
Sir Ken Morrison said: "A combination of Morrisons and Safewaywould create a strong fourth national food retailer which wouldstrengthen competition and be in the best interests of consumers andsuppliers.
"Any combination that reduces the national players from four tothree would lead to less choice and the risk of higher prices.
Sainsbury's is yet to make an offer for Safeway. Our offer is theonly one on the table and is recommended by Safeway." Safeway said itnoted Sainsbury's announcement.
Chief executive Peter Davis told a press conference thatSainsbury's had been in talks with Safeway's board for three months.
"Have no doubt, we would like to buy Safeway, " he said.
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