| Qatar is sitting on estimated losses of more than £1.5bn from its investment in J Sainsbury after a downbeat trading update from the supermarket retailer sparked a slide in its shares. Calculations by The Telegraph show that the slump in the company's share price means Qatar Holding, the sovereign wealth fund, is sitting on paper losses of more than £1.5bn. Qatar Holding first bought into Sainsbury's in 2007 and owns 26pc of the retailer.
Sainsbury's share price has never regained the highs it enjoyed in 2007 before the credit crisis began. Qatar's shareholding has been the subject of much speculation in the City about whether the sovereign wealth fund will dump the stake or launch a full takeover bid...............................................Full Article: Source
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