LONDON (Reuters) – The most vital investor in Sainsbury’s, the Qatar Investment Authority (QIA), is providing 306 million additional kilos ($ 399 million) nicely value of shares within the British grocery retailer workforce.
According to regulative filings, QIA offered 109.4 million shares at a fee of 280 dime, relating to 5% of its holding.
Prior to the deal, QIA had a 14.2% danger in Sainsbury’s, in accordance with LSEG info.
Shares in Sainsbury’s, which has an over 15% share of Britain’s grocery retailer market, monitoring simply Tesco, have really climbed 12% over the in 2014. They shut Thursday at 288 dime.
($ 1 = 0.7664 additional kilos)
(Reporting by James Davey; modifying by William James)
