June 5, 2008 / 9:43 AM / 10 years ago

Morrison will look at individual Somerfield stores

LONDON, June 5 (Reuters) - Wm Morrison (MRW.L), Britain’s fourth-biggest supermarket group, said on Thursday it was not bidding for smaller rival Somerfield, but would look at buying individual stores if they became available at a later date.

“We’re not in the process of the purchase of Somerfield,” Chief Executive Mark Bolland told reporters. “If there are individual stores at the end of the process that are for sale, we’ll have a critical look at these stores ... But I haven’t heard whether it’s that far in the process,” he added on a conference call.

The Co-Operative Group, Britain’s biggest mutual retailer, has said it is in talks to buy Somerfield, and the Daily Telegraph newspaper said on Wednesday it was looking to sell up to 200 stores following a deal. (Reporting by Mark Potter, Editing by Kate Holton)

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