Qatar's $21.2bn bid to buy Sainsbury, the U.K.'s third-largest supermarket chain, has taken a step closer as the UK firm has agreed to open its books to Delta Two, a fund backed by Qatar, reported Bloomberg. Sainsbury's willingness to soften its position follows Qatar's decision to reduce debt funding the deal. The companies cautioned that there is 'no certainty that any offer for Sainsbury's will be made.'

[AMEInfo.com]



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Posted: 09|20|07 at 8:12 am. Filed under: News.