Somerfield has confirmed it has signed a Memorandum of Understanding with Texaco Ltd, a subsidiary of ChevronTexaco Corporation, for Somerfield to acquire around 140 forecourt convenience stores in the UK.

Under the terms of the agreement the convenience stores will be refitted, branded and operated by Somerfield who will also operate the forecourts.

If the acquisition goes ahead, Somerfield will be increasing its forecourt convenience store portfolio to over 170 stores.