£10.1bn takeover of Sainsbury's abandoned

Private equity firm CVC has abandoned plans for a £10.1bn (€14.9bn) offer for supermarket giant Sainsbury's.

£10.1bn takeover of Sainsbury's abandoned
Wed, 11 Apr, 2007 - 17:27

Private equity firm CVC has abandoned plans for a £10.1bn (€14.9bn) offer for supermarket giant Sainsbury's.

The end of its interest in the UK's third largest food retailer comes after its proposed offer price reportedly failed to win over the Sainsbury family, which holds an 18% stake in the business.

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CourtsBusinessHeathrowPlace: UKPerson: SainsburyPerson: Kravis RobertsOrganisation: SainsburyOrganisation: CVCOrganisation: BlackstoneOrganisation: Texas Pacific
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