Somerfield supermarket chain auction going ahead
Published March 23rd, 2008
The sale of Somerfield is going ahead, defying speculation that the auction had been abandoned. Sources said Robert Tchenguiz, part-owner of the £2bn supermarket chain, is still hopeful a sale can be agreed.
The Co-operative group was thought to be the only bidder to have tabled an offer for the retailer before the first-round auction deadline earlier this month.
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