The Sainsbury’s saga takes a new turn, as an investment company linked to the Qatari royal family becomes a major shareholder.
Delta Two has acquired a 17.4 per cent stake in the supermarket chain, just 24 hours after Sainsbury's shares were force up seven per cent by a massive, one-off share trade.
Investment group Delta Three purchased a 14 per cent share on Wednesday. The Delta group of investment companies is linked to property entrepreneur brothers Robert and Vincent Tchenguiz.
Analysts said that the purchase may put pressure on Sainsbury's to split its property and retail businesses, but do not expect a new takeover bid to materialise.
