Qatari Investors Boost Stake in Sainsbury

LONDON — While buyout firms last month bailed out of an effort to acquire supermarket chain J. Sainsbury, the company’s largest investor revealed it had increased its stake to 25%. Delta Two, an investment group based in Qatar, in a statement on Friday revealed it had bought shares increasing its stake in Sainsbury from 17% to 25% — a share greater than the 18% owned by the founding Sainsbury family, reports noted. Sainsbury’s directors refused to open company books to a consortium of private equity firms including KKR last month, saying initial buyout offers were too low.

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