| Qatar Investment Authority (QIA), which holds a 25% stake in Sainsbury's, is believed to have backed the supermarket chain it revises its offer for the Home Retail Group acquisition. This backing from QIA seen as significant is important as the takeover process has to complete before 2 February, reported The Times newspaper.
Investors of Home Retail have expressed dissatisfaction as the board did not counsel them when the offer was first made by Sainsbury's in November, reported. Toscafund and Schroders, among the primary five investors in Home Retail, are believed to have brought both the sides for a new deal...............................................Full Article: Source
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