Qatar drops bid for Sainsbury
Article Abstract:
Qatar-backed investment firm Delta (Two) Ltd. withdrew its $21 bil offer for UK supermarket company j. Sainsbury PLC, suggesting that the Middle East has also been affected by the credit market turmoil that has already impacted the US and Europe. Delta dropped its bid due to a Sainsbury funding contingency that would have restricted Delta's expected investment return.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Qatari fund enters talks to buy U.K. retailer J Sainsbury
Article Abstract:
A preliminary bid for UK retailer J Sainsbury PLC has been made by Qatari investment firm Delta (Two) Ltd. totaling $20 bil. Delta already has a 25% stake in Sainsbury.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
Subjects list: United Kingdom, Planning, Mergers, acquisitions and divestments, Company acquisition/merger, Supermarkets, Investment companies, J Sainsbury PLC, Company business planning, Qatar
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