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Retail

Czech Billionaire Kretinsky Owns Over 3% Stake In Britain's Sainsbury's

Czech billionaire investor Daniel Kretinsky's VESA Equity Investment became the fourth largest stakeholder of Sainsbury's, owning a 3.05% stake in the British supermarket group, according to a filing on Thursday.

Kretinsky, who forged one of Europe's largest energy groups through more than a decade of deals, has been diversifying and scouring retail, media and other areas for investments.

Other Investments

The Czech billionaire, which owns the biggest stake in Royal Mail through VESA Equity, has increased its investment in the postal company over the past few months, from around 4% in April to 13.1% as of July.

Another vehicle owned by Kretinsky, EP Global Commerce, is also a major shareholder in German wholesaler Metro.

VESA Equity's portfolio also includes stakes in US retailer Foot Locker Inc and department store chain Macy's Inc, data from Refinitiv Eikon showed.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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