Somerfield deal sealed

The European Commission has approved the £1.1 billion takeover of Somerfield

The European Commission has approved the £1.1 billion takeover of Somerfield by a consortium including Iranian property tycoon Robert Tchenguiz, private equity firm Apax Partners, investment bank Barclays Capital and four of Somerfield’s executive directors, including chief executive Steve Back.

Partner Content

Centre-Loire takes centre-stage

VIK expands its WineLAB initiative to celebrate emerging talent

Champagne Palmer shares the details that shape luxury

Antigal showcases the diversity of Mendoza terroir

Bristol-based Somerfield, the UK’s fifth largest supermarket, also owns the Kwik-Save chain.