Kohlberg Kravis Roberts, the company interested in making a bid for Safeway, is understood to be frustrated about the amount of information it has received from the supermarket chain.
The US private equity group needs more information if it is to press ahead with an offer. Phillip Green, the other non-supermarket bidder, faces similar information constraints.
KKR has been talking to banks including Barclays, Credit Suisse FirstBoston, HypoVereinsbank, JP Morgan and Lehman Brothers about financing an offer should it proceed.
References: Financial Times 15/02/03 page 13, The Times Business 15/02/03 page 60
