PropertyEU

Pension fund casts doubt on Sainsbury buy-out

By A staff reporter 2007-03-23T00:00:00

Plans by private equity groups to buy Sainsbury to profit from its freehold property worth an estimated £7.5 bn (EUR 11bn) have been overshadowed by a warning from the UK retailer's pension fund that it could face a £3 bn shortfall if the takeover goes ahead.

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