Qatari group works on Sainsbury bid
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June 19, 2007, 9:01 am
Filed under: International News
Filed under: International News
Delta (Two), a Qatari investment group, was working on a full bid for British supermarket group J Sainsbury, said the Sunday Telegraph.
Delta (Two), a Qatari investment group, was working on a full bid for British supermarket group J Sainsbury, said the Sunday Telegraph.
The newspaper said the adviser to Delta (Two), Dresdner Kleinwort, and its broker, Credit Suisse, had sounded out other investment banks on their willingness to co-finance a full takeover of the group. The secretive investment vehicle owned by the Gulf Arab state raised its Sainsbury stake to 25 percent on Friday. – Reuters, London
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