Qataris May Raise Equity in Sainsbury Bid

Daily MailAugust 14, 2007

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Summary


Delta Two, the putative bidder for Sainsbury, is trying to persuade its Arab backers to increase the amount of cash it ploughs into the 10.6bn deal.

Frontman Paul Taylor, who is bankrolled by the Qatari Investment Authority, has so far stood firm on a proposal to load its offer with 7bn debt and sell 500m of shares to an outside investment bank.

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Extract


Qataris May Raise Equity in Sainsbury Bid

But there has been a last-minute chan...

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