Friday, June 15, 2007

UPDATE 1-Qatari fund raises Sainsbury stake to 25 pct

(Reuters) - Delta Ltd, a vehicle of the Qatari royal family, said in a statement
it had purchased 123 million shares in British supermarket chain Sainsbury, or a
further 7.07 percent stake, at 595 pence per share.




Property tycoon Robert Tchenguiz, with a 5.07 percent Sainsbury stake, has
said he wants the supermarket chain to release real estate assets.


Read more at Reuters.com Mergers News

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