LONDON (Reuters) – The most significant investor in Sainsbury’s, the Qatar Investment Authority (QIA), is offering 306 million extra pounds ($ 399 million) well worth of shares in the British grocery store team.
According to regulative filings, QIA provided 109.4 million shares at a rate of 280 dime, regarding 5% of its holding.
Prior to the deal, QIA had a 14.2% risk in Sainsbury’s, according to LSEG information.
Shares in Sainsbury’s, which has an over 15% share of Britain’s grocery store market, tracking just Tesco, have actually climbed 12% over the in 2014. They shut Thursday at 288 dime.
($ 1 = 0.7664 extra pounds)
(Reporting by James Davey; modifying by William James)
