Sainsbury shares rise on speculation of buyout interest ...Qatar

Shares in J Sainsbury Plc rose as much as 12% after a report that Apollo Global Management Inc could be taking a look at Britain’s second-largest grocer amid wider consolidation in the sector. Apollo, which has $88bn of assets under management, is interested in the UK supermarket industry, having previously lost out on the chance to take control of Asda, the country’s third-biggest grocer, to the Issa brothers and TDR Capital. Apollo isn’t holding talks with Sainsbury, according to people familiar with the matter, and the buyout firm has not hired advisers to explore a potential deal, one of them said. The focus remains on partnering with Fortress Investment Group on its bid for Wm Morriso

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Last updated : 23 August 2021 clock 09:45 PM

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Sainsbury shares rise on speculation of buyout interest ...Qatar

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