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Qatar ditches Sainsbury bid
- Qatar: Monday, November 05 - 2007 at 11:25
UK media sources are claiming that Qatar has decided to walk away from its $21.6bn bid to buy the J Sainsbury retail chain. Newspaper reports over the British weekend alluded to the fact that the Qatar Investment Authority was 'unlikely' to pay an extra $1bn to cement the deal as it would eat into its potential profit margins. Investment fund Delta Two has been handling the transaction.
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Jonathan Sheikh-Miller, Deputy EditorMonday, November 05 - 2007 at 11:25 UAE local time (GMT+4)
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