Baugur makes a US$1,8 billion bid for Somerfield
{{date|February 9, 2005}}

London/Reykjavík  – The [[w:Iceland|Icelandic]] retail and investment company [[w:Baugur|Baugur]] is making a bid for the British supermarket chain [[w:Somerfield|Somerfield]] of £1 billion, 120 billion [[w:Króna|ISK]], or US$1,8 billion. The supermarket chain has 700 [[w:Somerfield|Somerfield]] supermarkets and 500 [[w:Kwik Save|Kwik Save]] discount foodstores across the [[w:United Kingdom|United Kingdom]]. Baugur already owns the [[w:Iceland(supermarket)|Iceland]] supermarket in the UK and [[w:Republic of Ireland|Ireland]], [[w:Bónus|Bónus]] and [[w:Hagkaup|Hagkaup]] supermarkets in [[w:Iceland|Iceland]], and other retailers in [[w:Iceland|Iceland]], [[w:Faroe Islands|the Faroe Islands]], [[w:United Kingdom|United Kingdom]], [[w:Sweden|Sweden]] & [[w:Denmark|Denmark]]. 

==Sources==
*{{source|pub=BBC News|url=http://news.bbc.co.uk/1/hi/business/4249897.stm|title=Somerfield in £1bn takeover bid |date=February 9, 2005|author=}}
*{{source|pub=RUV|url=http://www.ruv.is/main/view.jsp?branch=2574128&e342RecordID=98106&e342DataStoreID=2213589|title=Baugur íhugar að kaupa Somerfield |date=February 9, 2005|author=}} (in Icelandic)

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[[Category:United Kingdom]]
[[Category:Iceland]]
[[Category:Economy and business]]
London/Reykjavík  – The Icelandic retail and investment company Baugur is making a bid for the British supermarket chain Somerfield of £1 billion, 120 billion ISK, or US$1,8 billion. The supermarket chain has 700 Somerfield supermarkets and 500 Kwik Save discount foodstores across the United Kingdom. Baugur already owns the Iceland supermarket in the UK and Ireland, Bónus and Hagkaup supermarkets in Iceland, and other retailers in Iceland, the Faroe Islands, United Kingdom, Sweden & Denmark.
United Kingdom Iceland Economy and business