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On 25 April 2007, Delta Two, a Qatari investment company, bought a 14% stake in Sainsbury's causing its share price to rise 7.17%, and then increased its holding to 17.6%. Its interest in Sainsbury's is thought to centre on its property portfolio. It increased its stake to 25% in June 2007. [87]
It remains in talks to join the Fortress-led consortium bidding for Morrisons and any involvement in that deal may preclude a move for Sainsbury's, the report said, adding Apollo's interest in ...
Sainsbury’s, which employs 148,000 people, cut 1,500 jobs in February last year as it cut staff at its bakeries, a call centre in Cheshire and some distribution centres. Show comments Advertisement
King joined Sainsbury's on 29 March 2004, [7] and was seen as the company's last chance to win back market share from its rivals and remain independent – the previous CEO, Sir Peter Davis, failed to halt the supermarket's slide in market position despite a £3 billion investment in infrastructure. He was offered £675,000 a year salary.
During the private equity takeover bid in the first half of 2007, David indicated he was willing to let the Sainsbury's board open its books for due diligence if someone offered him a price of 600 pence per share or more. David Sainsbury retains a sizeable shareholding in his family's supermarket chain (around 5.85%). [5]
LONDON -- Shares in supermarket heavyweight J Sainsbury have leapt higher in recent weeks, spiking more than 16% from mid-January's multimonth lows to recent highs around 375 pence -- the loftiest ...
The equity interest in Sainsbury's held by the family as of May 2011 is 15%. The family sold down their stake from 35% in 2005. The largest family shareholders are Lord Sainsbury of Turville with 4.99% and Lord Sainsbury of Preston Candover, who controls just under 3% of the company, and benefits from 1.6% of the equity included in the above.