KKR has significant European interests which have raised the possibility that EU competition regulators would need to look at any bid it makes for Safeway. The Independent suggests this would put the US firm at a disadvantage compared to its rivals in the Safeway race. This is because the European Commission would need to see a submission only once KKR makes a formal and binding bid for the UK retailer. Other bidders, however may submit indicative rather than binding bids, according to the newspaper.
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