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Sovereign Wealth Funds Briefing - Categorized | Investment

Sainsbury’s in focus as QIA rumours swirl

Posted on 16 October 2009

From Independent: The supermarket group J Sainsbury saw its shares jump by nearly 20 per cent at one point yesterday as unconfirmed rumours of bid interest from the Qatar Investment Authority, the Qatari sovereign wealth fund whose Delta Two fund abandoned a 600p per share bid for the business in 2007, did the rounds of the dealing rooms.

The chatter has been around numerous times before, and, when the rumour first surfaced yesterday, most traders were sceptical……………………Full Article: Source

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