Sainsbury confirms £12 bn Qatari bid

By A staff reporter 2007-07-18T00:00:00

UK supermarket group Sainsbury's confirmed on Wednesday that it has received an informal takeover offer of 610p a share from Delta Two, a Qatari investment group. The bid values Sainsbury's at about £12 bn (EUR 18 bn) and comes three months after the retailer rejected a high-profile offer from private ...

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