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Qatar $25bn Sainsbury bid
- Qatar: Wednesday, July 18 - 2007 at 12:09
Delta Two, an investment fund backed by the Qatar Investment Authority, has made a preliminary takeover approach to UK supermarket group J Sainsbury, according to reports. Delta Two already controls 25% of the group. The offer is thought to be worth 610p a share, valuing Sainsbury's at around $24.5bn, according to Bloomberg. Sainsbury said in a statement it would release more details later.
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James McInerney, News EditorWednesday, July 18 - 2007 at 12:09 UAE local time (GMT+4)
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