Qatari fund raises stake in British supermarket group J Sainsbury
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A Qatari investment group on Friday said it had increased its stake in J Sainsbury, Britain&#39;s third biggest supermarket chain, to 25 percent.
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The royal family of the Gulf kingdom of Qatar raises its stake in supermarket group Sainsbury's to 25%.
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J Sainsbury will take a Â£550 million ($991 million) hit to profits this year as it invests to boost sales and reverse falling market share, Britain&#39;s third-biggest supermarket chain said Tuesday.
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Woolworths Ltd., Australia&#39;s biggest grocer, increased its stake in takeover target Australian Leisure &amp; Hospitality Group to 16.
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French billionaire Bernard Arnault said  on Wednesday he had taken a 9.1 percent stake in supermarket  giant Carrefour  jointly with U.S. private equity  group Colony Capital.
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Sainsbury's receives an offer from a Middle East investment fund, valuing  the supermarket at about Â£10.3bn.
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J Sainsbury Plc , Britain's  third-biggest supermarket operator, said on Friday it had sold  a 5 percent stake in Sainsbury's Bank for 21 million pounds  ($41 million) to British banking group HBOS Plc  as  potential bidders continue to circle the retailer.
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Business & money: Shares in the supermarket group soared by almost 5% after the State of Qatar announced it now owned 25% of the supermarket giant's shares.
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The British supermarket group J Sainsbury said Wednesday it has received a takeover approach from a Qatari investment group.
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J Sainsbury Plc , Britain's third-biggest supermarket operator, said on Friday it had sold a 5 percent stake in Sainsbury's Bank for 21 million pounds ($41 million) to British banking group HBOS Plc .
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Business & money: Takeover battle looms after investment fund backed by government of Qatar confirms it is considering a Â£12bn bid for the supermarket chain.
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Supermarket group J Sainsbury said Thursday it would open its books to takeover suitor and Qatari investment fund Delta Two.
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The royal family of Qatar is considering a full takeover offer for supermarket J Sainsbury, a report says.
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Sainsbury says it will take a 550 million pound hit to profits this year as it invests to boost sales and reverse falling market share.
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Qatar&#39;s multimillion-pound investment in importing sporting talent reaped some benefit when Saif Saeed Shaheen broke the world record for 3,000 metres steeplechase in the Memorial Van Damme in the Stade Roi Baudouin here last night.
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The supermarket group Tesco, the nation's biggest retailer, has said it has paid about 350 million dollars (264 million euros) to raise its stake in its Chinese joint venture with Ting Hsin to 90 percent from 50.
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J Sainsbury Plc , Britain's third-biggest supermarket operator, said on Friday it had sold a 5 percent stake in Sainsbury's Bank for 21 million pounds ($41 million) to British banking group HBOS Plc  as potential bidders continue to circle the retailer.