Thursday 19 July 2018
 
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Sainsbury

Qatari fund, CVC drop secret Sainsbury buyout plan

A consortium of Qatar Investment Authority (QIA), the sovereign wealth fund of the gas-rich emirate, CVC Capital Partners and Canadian property group Brookfield have abandoned a secret plan to bid for British supermarket group J.Sainsbury, Sky N

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UK supermarket Sainsbury sees 17pc drop in profit

British supermarket Sainsbury's is expected to post its first annual profit fall since 2005, hurt by an industry price war that shows no sign of abating. Sainsbury's, along with rivals Tesco, Asda and Morrisons, is grappli

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Sainsbury jumps as Qatari bid talk resurfaces

J Sainsbury shares jumped as much as 10 per cent on Thursday on talk that Qatar's sovereign wealth fund was planning a renewed offer for the British grocer after dropping a previous bid proposal in 2007. Spokesmen for Sainsbury, Britain's

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Qatar ups Sainsbury stake to 26pc

The Qatari Investment Authority (QIA) has raised its stake in J Sainsbury to 26 per cent from 25.3pc, the British supermarket group said. In a regulatory filing, Sainsbury said on Friday the QIA bought a further 12.36 million shares betwee

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Qatar drops $22bn bid for Sainsbury

A Qatari fund has dropped plans for a 10.6 billion pound ($22.1 billion) bid for Britain's J Sainsbury, blaming worsening credit markets and the cost of winning support from the firm's pension trustees. Traders said shares in Britain's thi

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Qatar fund given Sainsbury bid deadline of Nov 8

Britain's takeover watchdog has set a Nov 8 deadline for Qatari investment fund Delta Two to make a firm bid for British supermarket group J Sainsbury or walk away. Separately Sainsbury, which has received a 10.6 billion pound ($21.7 billi

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Qatar fund revises bid for Sainsbury

Delta Two, the Qatari-backed investment fund, is set to make a revised bid for J Sainsbury, the supermarket group. The new offer is expected to include a higher cash element than the original £10.6 billion ($21.38) approach and could be ma

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Qatar says considers $21bn Sainsbury bid

Qatar's state investment fund has confirmed that it is considering a 10.4 billion pounds ($21.3 billion) bid for J Sainsbury Plc, with plans to invest 3.5 billion pounds in the British grocer. Qatar's Delta Two investment fund, which alrea

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Qatar firm makes $25bn bid approach to Sainsbury

Qatari investment group Delta Two has made a bid approach to J Sainsbury Plc which values Britain's third-biggest supermarket group at about 12 billion pounds ($24.5 billion), newspapers said on Wednesday. Delta Two, which already owns ab

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Sainsbury bid backed

Britain's J Sainsbury, the subject of bid speculation, has no reason to doubt Qatari fund Delta (Two) is a supporter of the company's plans, chief executive Justin King said. Delta (Two), owned by Qatar's royal family, triggered speculatio

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