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Top Sainsbury's Shareholder QIA ‘Backs Asda Takeover Talks’

Published on Apr 30 2018 7:59 AM in Retail tagged: Trending Posts / Sainsburys / UK / Asda / Qatar / Paywall / QIA

Top Sainsbury's Shareholder QIA ‘Backs Asda Takeover Talks’

Qatar Investment Authority (QIA), the biggest shareholder in J Sainsbury Plc , is supportive of merger talks between the British supermarket chain and rival Walmart Inc's Asda, a source familiar with the matter told Reuters.

Sainsbury's statement regarding the discussions on Monday will reflect QIA's position on the matter, the source said.

Sainsbury's declined to comment on Sunday.

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