QIA Supportive of Sainsbury Deal for Asda
Posted on 04/30/2018
The Qatar Investment Authority (QIA) remains the largest shareholder in J Sainsbury Plc – holding an approximate 22% stake. Sainsbury’s is seeking to acquire Leeds-based Asda Stores Ltd. (Asda is owned by Wal-Mart Stores), for 7.3 billion GBP, in a cash and stock transaction. The QIA is supportive of the merger talks. Sainsbury’s commented that […]
