Royal Bid Likely for Sainsbury's As Delta Two Increases Stake ; Supermarkets

Birmingham Post › June 18, 2007

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Summary

The Qatari-backed investment fund which has been stacking up a 25 per cent stake in Sains-bury's was yesterday said to be planning a full bid for the supermarket chain.

Delta Two, which is backed by the Qatari royal family, is understood to be holding informal talks with investment banks over co-financing a bid for the retailing giant - a move which could see the group face its second takeover approach since the start of the year.

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Extract

Royal Bid Likely for Sainsbury's As Delta Two Increases Stake ; Supermarkets

The reports emerged following Delta Two's purchase of a further seven st...

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