Reports are suggesting Baugur have not ruled themselves out in the bid to snap up Somerfield which recently reject a £1.03 billion offer from the Icelandic giant.
In a statement, Baugur, which owns the Big Food Group, said: “In response to speculation, Baugur announces that it is currently reviewing its options with respect to Somerfield, one of which includes a possible offer.
“If a decision to proceed is made, it is currently Baugur’s intention to approach the board of Somerfield to seek a recommendation,” it added.
The retailer last week said it was not proceeding with Baugur’s 190p-a-share offer, adding it was not in its shareholders’ interest.
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