With Morrisons already in a bidding war, UK supermarkets are attracting returns-hungry investors
Sainsbury’s could be on the shopping list of private equity outfits as the race to buy Morrisons highlights the attractiveness of the big supermarket chains to investors.
Last week the buyout firm Clayton, Dubilier & Rice (CD&R) won the backing of the Morrisons board for its £7bn offer to buy the UK’s fourth largest supermarket chain. That bettered the £6.7bn already on the table from rival suitor Fortress.