KKR has withdrawn from the CVC Capital-led group studying a takeover bid for UK supermarket chain J Sainsbury, Reuters reported on Thursday, citing people familiar with the situation.
The firm, which is also in £10bn talks to buy pharmacy chain owner Alliance Boots was worried about possible competition problems and the price being discussed by the group eyeing Sainsbury, the report said.
Earlier the FT reported that tensions between KKR and the rest of the consortium had escalated in recent days, and KKR would probably withdraw or be ejected from the group.
