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.
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. QIA will retain the 25% stake it already holds in Sainsbury’s.