Sainsbury private equity buyout
Published April 26th, 2007
Earlier this month a consortium of three of the world’s biggest private equity groups retreated from an attempt to buy the supermarket group for around £9.3bn.
And this morning an investment company called Three Delta, which looks after funds for the gulf state of Qatar, spent a touch over £1.4bn buying 15 per cent of Sainsbury.
What Three Delta apparently likes about Sainsbury is all its lovely property, worth somewhere between £8bn and £9bn.
But the conspiracy theorists also believe that Three Delta will join forces with Robert Tchenguiz, the property tycoon, who owns 5 per cent of Sainsbury.
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