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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Sainsbury bid from Qatar ‘unlikely,’ says Bofa Merrill Lynch

Posted on 23 October 2009

From Bloomberg: Qatar’s sovereign wealth fund is “unlilkely” to bid for J Sainsbury Plc, BofA Merrill Lynch Global Research said.

Qatar “may be more flush with cash having crystallized 1.4 billion pounds of its Barclays” stake, analysts wrote in a report. “But we see speculation that it may bid for the rest of Sainsbury as non-credible.” ……………………Full Article: Source


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