Dow Jones reports that Delta Two, the investment arm of the Qatari royal family, is looking for the equivalent of $1 billion (US) in funding that will allow it to proceed with its pursuit to acquire all of British retailer Sainsbury. It needs the additional funding, according to the story, because volatility in the financial markets has strained its own resources.
Delta Two has been told that it must submit a final and form bid for Sainsbury by November 8. A successful bid for Sainsbury is expected to run as much as $10 billion (US), according to reports.
Delta Two has been told that it must submit a final and form bid for Sainsbury by November 8. A successful bid for Sainsbury is expected to run as much as $10 billion (US), according to reports.
- KC's View:
