Morrisons has not put in a final round bid to buy Iceland Foods, reports have said.
Private equity firms Bain Capital and BC Partners are the only parties believed to have made offers, meaning Blackstone is also understood to have decided against bidding.
Morrisons is said to still be interested in buying any stores that become available after the sale of Iceland.
The frozen food specialist is on the market because Icelandic bank Landsbanki is selling its 67 per cent stake in the business. All parties have declined to comment.
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