• Friday, January 27, 2023

News

Bestway Group buys stake in Sainsbury’s but says no offer made

Bestway Group has acquired a 3.45 per cent stake in J Sainsbury (trading as Sainsbury’s), Britain’s second-largest grocer, but said it was not considering an offer for the latter.

The privately owned conglomerate said this in a short statement to the stock exchange and added that it “may look to make further market purchases of

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