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Wednesday, 1 January 2014

Qatar 'most likely' to acquire UK retail giant in 2014 - Banking & Finance - ArabianBusiness.com

Qatar 'most likely' to acquire UK retail giant in 2014 - Banking & Finance - ArabianBusiness.com:

"Sainsbury's could be a prime target for a takeover in 2014, according to UBS analysts, with Qatar's sovereign wealth fund the most likely suitor, it has been reported.
The Qatari Investment Authority (QIA) is already the biggest shareholder in the supermarket chain, with a 25.9 percent stake, and is now being tipped to try and acquire the rest, according to a Daily Telegraph article which cites the UBS report.
QIA first made an offer for J Sainsbury back in 2007, but subsequently abandoned its bid, citing the credit crunch. Rumours have since repeatedly circulated that it may be considering another offer.
Qatar investments in the UK have reached more than $34bn, including stakes in Sainsbury’s, BAA (British Airports Authority), London Stock Exchange, Barclays, the US Embassy building in Grosvenor Square and the Shard of Glass development, which is Europe’s tallest building."

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