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 UK supermarket group J. Sainsbury's. QIA has an around 25 percent stake in Sainsbury’s. The trio reportedly decided against the planned takeover after Sainsbury’s bid £1.4m last month for Home Retail Group, which also own Argos. A spokesman for QIA said: "We are not commenting on speculation."
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 UK supermarket group J. Sainsbury's. The trio reportedly decided against the planned takeover after Sainsbury’s bid £1.4m last month for Home Retail Group, which also own Argos. A spokesman for QIA said: "We are not commenting on speculation."