KKR has denied it is weighing up a possible bid for Sainsbury's

KKR has denied it is weighing up a possible bid for Sainsbury's

An American buy-out firm has denied that it is considering making a bid for Sainsbury's.

KKR had previously been showing interest in the rival supermarket chain Safeway earlier this year and reports had emerged that it had switched its interest to Sainsbury's. However, a source close to the American company said: “The company is not looking at Sainsbury's at this time.”

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