Published • loading... • Updated
Qatar cuts Sainsbury's stake to end near two-decade reign as top shareholder
Qatar Investment Authority is selling £265.5 million in shares, reducing its stake to 6.8% and losing its position as Sainsbury's largest shareholder after nearly 20 years.
Summary by Reuters
14 Articles
14 Articles
·London, United Kingdom
Read Full ArticleSainsbury shares slide as Qatar Fund cuts stake in major £265M selldown
J Sainsbury shares fell sharply on Wednesday after its biggest shareholder, Qatar’s sovereign wealth fund, moved to reduce its long-standing holding in the UK supermarket. The stock was the worst performer on the FTSE 100 in early trading, down 14.40 pence, or 4.4%, at 311.60 pence. Despite ...
Qatar cuts Sainsbury's stake to end near two-decade reign as top shareholder
Qatar's sovereign wealth fund plans to reduce its stake in Britain's second-largest supermarket group Sainsbury's by nearly 4%, a term sheet showed on Tuesday, ending its near-two-decade reign as top shareholder in the chain.
·United Kingdom
Read Full ArticleCoverage Details
Total News Sources14
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
Factuality
To view factuality data please Upgrade to Premium









