According to an unverified Sky News report, CVC Capital Partners (CVC), the $80bn Luxembourg-headquartered private equity firm, Qatar Investment Authority (QIA), and Brookfield , the $ 225bn global asset manager, have discarded their plan to make a bid for Argos supermarket group J. Sainsbury's . The trio reportedly decided against the planned takeover after Sainsbury ’s bid £1.4m last month for Qatar Investment Authority , which also own UK . Sky said the trio had dropped a planned takeover, hatched in the autumn, after Sainsbury’s made a 1.4 billion pound bid for Home Retail Group HOME.L, the owner of Argos. CVC Capital Partners will retain the around 25 percent stake it already holds in Sainsbury ’s.
According to an unverified Sky News report, CVC Capital Partners (CVC), the $80bn Luxembourg-headquartered private equity firm, Qatar Investment Authority (QIA), and Brookfield , the $ 225bn global asset manager, have discarded their plan to make a bid for Argos supermarket group J. Sainsbury's . The trio reportedly decided against the planned takeover after Sainsbury ’s bid £1.4m last month for Qatar Investment Authority , which also own UK . CVC Capital Partners will retain the around 25 percent stake it already holds in Sainsbury ’s.