J Sainsbury could see rekindled Qatari takeover interest
J Sainsbury, the listed UK-based supermarket chain, could face a takeover bid from the government of Qatar, The Independent suggested in a think-piece.
The article cited J Sainsbury’s falling share price and the departure of chief executive Justin King as two possible reasons for a takeover attempt.
Qatar tried to acquire J Sainsbury in 2006 with an offer pitched just below 600p per share, the item said. Should Qatar return, it would be able to offer a much lower price, the report added.
The Qatar Investment Authority is the Persian Gulf state's sovereign wealth fund, which invests via its Qatar Holdings vehicle.
Source Independent