Hedge Funds & Alternative Investments
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Qatar fund to reduce Sainsbury’s stake after nearly two decades
Qatar’s sovereign wealth fund plans to reduce its stake in Britain’s second-largest supermarket group Sainsbury’s SBRY.L by nearly 4 per cent, a term sheet showed on Tuesday, ending its near-two-decade reign as top shareholder in the chain. Qatar Investment Authority plans to offer shares at 317.6 pence ($4.20) per share…
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Click here to read the full story: Gulf Business