J Sainsbury shareholder Qatar Investment Authority could attract offer for 22% stake from Chinese bidder - report
The Qatar Investment Authority’s 22% shareholding in the UK-based supermarket company J Sainsbury [LON:SBRY] is said to have attracted interest from a potential bidder from Asia, The Daily Mail reported.
The newspaper’s market report section cited one senior investment banker who claimed that there was interest in the QIA’s stake from China.
J Sainsbury’s share price closed 2.2p up at 253.9p in London on Friday, September 24, giving the company a market capitalisation of GBP 5.55bn (EUR 6.40bn).