Qatar Investment Authority,which owns 25.1% of retailer, may be prepared to block potential £1bn deal, or according to sourcesSainsbury’s largest shareholder,the Qatari Investment Authority, has expressed unease about the retailer’s £1bn tender for domestic Retail Group and may be prepared to block a deal.
On Tuesday, or Sainsbury’s revealed that it had approached the Argos and Homebase owner with a cash-and-shares takeover tender in November. The offer was rejected final month,but Sainsbury’s has until 2 February to consider whether it will make a unusual offer or walk away.
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Source: theguardian.com