Kwik Save, the UK-based supermarket chain, has been put up for sale by its private equity owners. Industry sources have indicated that Costcutter and Baugur, the Icelandic retail investment group, are interested in buying Kwik Save, which is owned by Somerfield. The value of the stores themselves have a maximum estimate of £20m. It has a freehold property portfolio with a value of about £200m. It is possibe Kwik save could be broken up. The owners began to convert some Kwik Save stores to Somerfield, but are now looking to sell around 270 stores in non-prime locations.