Tchenguiz Plotting Sainsbury Move

Daily MailMarch 28, 2007

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Summary


SAINSBURY shareholder Robert Tchenguiz is preparing to put a proposal to the retailer's board that would unlock value from its property portfolio without the need for a full private equity takeover, sources said.

The plans, which could be unveiled within days, were being finalised as the property entrepreneur raised his stake in the supermarket group from 4.15pc to 4.5pc.

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Tchenguiz Plotting Sainsbury Move

Tchenguiz has previously signalled to Sainsbury (up 212p at 551p) that he believes there is...

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