The Big Food Group has not ruled itself out of bidding for convenience chain operator Londis, which has just accepted a £60m offer from Irish food group Musgrave.

BFG, owner of high street chain Iceland, Booker cash and carry and Woodford foodservice, said it had not taken part in the bidding set up by KPMG, because of the “anti-competitive constraints” Londis and KPMG imposed.

BFG added that it remains interested in “the possible acquisition of Londis” but would await “the publication of more meaningful financial information on Londis”.