April 16, 2016 / 12:12 PM / 2 years ago

CVC, QIA and Brookfield drop secret bid plan for Sainsbury: report

EDINBURGH (Reuters) - CVC Capital Partners [CVC.UL], Qatar’s QIA and Canada’s Brookfield have abandoned a secret plan to bid for British supermarket group J.Sainsbury plc (SBRY.L), Sky News reported on Saturday.

    The report could not immediately be verified.

    Sky said the trio had dropped a planned takeover, hatched in the autumn, after Sainsbury’s made a 1.4 billion pound ($2 billion) bid for Home Retail Group HOME.L, the owner of Argos.

    QIA has an around 25 percent stake in Sainsbury‘s.

    Reporting by Elisabeth O'Leary; Editing by Alexander Smith

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below